Constellium (NYSE:CSTM) Reaches New 52-Week Low – Here’s What Happened

Constellium SE (NYSE:CSTM) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.45 and last traded at $10.48, with a volume of 385351 shares trading hands. The stock had previously closed at $10.91.

Wall Street Analyst Weigh In

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

Constellium Stock Performance

The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.49 billion, a PE ratio of 13.93 and a beta of 1.65. The stock’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $15.64.

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 return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

Institutional Trading of Constellium

Several hedge funds and other institutional investors have recently bought and sold shares of CSTM. CWM LLC lifted its stake in shares of 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 in the last quarter. Signaturefd LLC increased its position in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,079 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 1,162 shares during the period. Finally, Highland Capital Management LLC boosted its position in Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 1,233 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.