ZWJ Investment Counsel Inc. Invests $192,000 in Constellium SE (NYSE:CSTM)

ZWJ Investment Counsel Inc. bought a new position in Constellium SE (NYSE:CSTM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,799 shares of the industrial products company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its position in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after purchasing an additional 257,618 shares during the period. Vanguard Group Inc. lifted its position in Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after purchasing an additional 145,604 shares during the period. Sei Investments Co. lifted its position in Constellium by 170.2% during the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after purchasing an additional 176,158 shares during the period. Lazard Asset Management LLC bought a new position in Constellium during the first quarter valued at approximately $1,106,000. Finally, Acadian Asset Management LLC lifted its position in 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 valued at $4,348,000 after purchasing an additional 196,293 shares during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Down 0.1 %

Shares of CSTM stock opened at $14.83 on Friday. Constellium SE has a 12 month low of $14.12 and a 12 month high of $23.20. The stock has a market cap of $2.14 billion, a P/E ratio of 16.48 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a 50 day simple moving average of $15.98 and a two-hundred day simple moving average of $18.53.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. On average, research analysts expect that Constellium SE will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSTM shares. BMO Capital Markets lowered their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Constellium presently has an average rating of “Buy” and an average price target of $23.80.

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.