Constellium (NYSE:CSTM) Sees Strong Trading Volume – Should You Buy?

Shares of Constellium SE (NYSE:CSTM) saw unusually-strong trading volume on Thursday . Approximately 1,249,150 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 1,036,206 shares.The stock last traded at $10.81 and had previously closed at $10.73.

Wall Street Analyst Weigh In

CSTM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $12.00 in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday. Finally, 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 research note on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Performance

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 firm’s 50-day simple moving average is $15.62 and its two-hundred day simple moving average is $18.13. The company has a market cap of $1.64 billion, a PE ratio of 12.62 and a beta of 1.59.

Constellium (NYSE:CSTM) last issued 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 17.59% and a net margin of 2.35%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.47 EPS. Constellium’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Constellium SE will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. grew its holdings in Constellium by 8.3% in 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. grew its stake in shares of Constellium by 10.3% in 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 buying an additional 145,604 shares in the last quarter. Sei Investments Co. increased its stake in 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. Lazard Asset Management LLC acquired a new stake in Constellium during the 1st quarter worth approximately $1,106,000. Finally, Acadian Asset Management LLC raised its stake in shares of Constellium by 26,490.3% in 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 acquiring an additional 196,293 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Company 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.