Vaughan Nelson Investment Management L.P. Has $19.63 Million Position in Constellium SE (NYSE:CSTM)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Constellium SE (NYSE:CSTM) by 64.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,207,402 shares of the industrial products company’s stock after selling 2,152,796 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.84% of Constellium worth $19,633,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CSTM. Sei Investments Co. raised its position in shares of Constellium by 170.2% during the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after purchasing an additional 176,158 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Constellium by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 156,055 shares of the industrial products company’s stock worth $3,450,000 after buying an additional 3,380 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Constellium by 7.6% during the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock worth $568,000 after buying an additional 1,822 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after buying an additional 145,604 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Constellium by 26,490.3% during the first quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock worth $4,348,000 after buying an additional 196,293 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSTM. BMO Capital Markets decreased their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Price Performance

Shares of CSTM opened at $11.46 on Monday. The firm has a market capitalization of $1.65 billion, a PE ratio of 15.49 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company’s 50-day moving average is $14.16 and its 200-day moving average is $17.11. Constellium SE has a fifty-two week low of $10.49 and a fifty-two week high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities analysts forecast that Constellium SE will post 0.71 EPS for the current year.

Constellium Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.