Constellium (NYSE:CSTM) Reaches New 12-Month Low – Should You Sell?

Constellium SE (NYSE:CSTM)’s share price reached a new 52-week low on Monday . The stock traded as low as $14.12 and last traded at $14.15, with a volume of 798727 shares. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

CSTM has been the subject of several recent analyst reports. BMO Capital Markets lowered their target price on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium has a consensus rating of “Buy” and an average target price of $23.80.

Constellium Stock Performance

The stock has a fifty day simple moving average of $15.97 and a 200-day simple moving average of $18.42. The stock has a market cap of $2.04 billion, a P/E ratio of 16.34 and a beta of 1.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

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

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. raised its holdings in Constellium by 12,970.1% during the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock worth $61,839,000 after acquiring an additional 2,775,469 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Constellium by 19.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after purchasing an additional 504,421 shares during the last quarter. Kailix Advisors LLC raised its stake in shares of Constellium by 40.0% during the 2nd 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 in the last quarter. Millennium Management LLC boosted its holdings in shares of Constellium by 29.9% in the 2nd quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock valued at $22,127,000 after buying an additional 270,475 shares during the last quarter. Finally, Highland Peak Capital LLC grew its stake in shares of Constellium by 14.1% in the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after buying an additional 234,756 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.