Constellium (NYSE:CSTM) Sets New 1-Year Low – Here’s Why

Constellium SE (NYSE:CSTM) hit a new 52-week low during trading on Monday . The company traded as low as $9.96 and last traded at $10.00, with a volume of 90642 shares traded. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CSTM shares. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $12.00 in a report on Thursday, October 24th. Finally, BMO Capital Markets decreased their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note 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 a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Stock Performance

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.58 and a beta of 1.65. 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 stock’s 50-day moving average is $11.58 and its 200-day moving average is $15.14.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) 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 analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Constellium SE will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several large investors have recently bought and sold shares of the company. Signaturefd LLC increased its stake 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 valued at $127,000 after buying an additional 933 shares during the period. Natixis Advisors LLC increased its position in Constellium by 6.2% in the 2nd quarter. Natixis Advisors LLC now owns 238,264 shares of the industrial products company’s stock valued at $4,491,000 after acquiring an additional 13,907 shares during the period. Rhumbline Advisers raised its stake in shares of Constellium by 3.3% during the second quarter. Rhumbline Advisers now owns 194,716 shares of the industrial products company’s stock valued at $3,670,000 after acquiring an additional 6,179 shares during the last quarter. Kailix Advisors LLC lifted its holdings in shares of Constellium by 40.0% during the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after purchasing an additional 413,605 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Constellium by 2.5% in the second quarter. Victory Capital Management Inc. now owns 711,900 shares of the industrial products company’s stock worth $13,419,000 after purchasing an additional 17,610 shares during the last quarter. 92.59% of the stock is currently owned by 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.