Vaughan Nelson Investment Management L.P. Sells 2,152,796 Shares of Constellium SE (NYSE:CSTM)

Vaughan Nelson Investment Management L.P. lowered its holdings in Constellium SE (NYSE:CSTM) by 64.1% in the third quarter, HoldingsChannel.com reports. 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.’s holdings in Constellium were worth $19,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC boosted its holdings in Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Constellium by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 698 shares during the period. Signaturefd LLC boosted its holdings in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the period. Highland Capital Management LLC boosted its holdings in Constellium by 10.1% in the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 1,233 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,625 shares during the period. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CSTM shares. JPMorgan Chase & Co. cut their price target 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. BMO Capital Markets cut their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Constellium Stock Up 1.1 %

Constellium stock opened at $11.46 on Monday. Constellium SE has a 1-year low of $10.49 and a 1-year high of $23.20. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.49 and a beta of 1.65. The firm’s fifty day moving average price is $14.16 and its two-hundred day moving average price is $17.11. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

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

About Constellium

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.