Constellium (NYSE:CSTM) Shares Gap Down to $16.84

Constellium SE (NYSE:CSTM) shares gapped down prior to trading on Monday . The stock had previously closed at $16.84, but opened at $16.37. Constellium shares last traded at $16.24, with a volume of 297,254 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on CSTM shares. JPMorgan Chase & Co. lowered their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Finally, BMO Capital Markets cut their price objective on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $25.00.

Constellium Stock Down 1.6 %

The firm’s 50 day moving average price is $16.37 and its two-hundred day moving average price is $19.02. The company has a market capitalization of $2.34 billion, a P/E ratio of 17.93 and a beta of 1.60. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. Equities research analysts forecast that Constellium SE will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Constellium

Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. Westwood Holdings Group Inc. grew its holdings in Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after purchasing an additional 1,334,550 shares during the period. Rubric Capital Management LP boosted its stake in shares of Constellium by 0.9% during the 2nd quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after acquiring an additional 32,548 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Constellium by 8.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after acquiring an additional 257,618 shares during the period. Highland Peak Capital LLC increased its holdings in shares of Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 234,756 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Constellium by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after purchasing an additional 21,569 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.