Constellium (NYSE:CSTM) Shares Down 5.4%

Constellium SE (NYSE:CSTM) dropped 5.4% during mid-day trading on Wednesday . The company traded as low as $20.00 and last traded at $20.18. Approximately 1,559,268 shares traded hands during trading, an increase of 111% from the average daily volume of 739,664 shares. The stock had previously closed at $21.33.

Analyst Upgrades and Downgrades

CSTM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Benchmark reissued a “buy” rating and issued a $24.00 target price on shares of Constellium in a report on Friday, April 19th. UBS Group began coverage on shares of Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Constellium from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $25.60.

Constellium Stock Performance

The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 21.49 and a beta of 1.71. The stock’s 50-day moving average is $20.54 and its 200 day moving average is $18.90.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). Constellium had a net margin of 1.73% and a return on equity of 16.86%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. As a group, analysts predict that Constellium SE will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new stake in Constellium in the 4th quarter worth approximately $2,024,000. FMR LLC grew its stake in Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $267,212,000 after acquiring an additional 251,829 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Constellium by 84.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock worth $51,860,000 after acquiring an additional 1,192,105 shares during the period. Jump Financial LLC grew its stake in Constellium by 155.7% in the 3rd quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 56,701 shares during the period. Finally, Highland Peak Capital LLC boosted its holdings in shares of Constellium by 28.4% in the 3rd quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock valued at $29,230,000 after purchasing an additional 355,375 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other 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.