Constellium (NYSE:CSTM) Sets New 12-Month Low – Here’s What Happened

Constellium SE (NYSE:CSTM) shares hit a new 52-week low on Tuesday . The stock traded as low as $9.85 and last traded at $9.91, with a volume of 53799 shares trading hands. The stock had previously closed at $10.07.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets reduced their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and an average target price of $19.50.

Constellium Price Performance

The stock has a fifty day moving average of $11.03 and a 200-day moving average of $13.81. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.43 and a beta of 1.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its position in Constellium by 4.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,079 shares during the period. Quantinno Capital Management LP lifted its position in Constellium by 9.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 1,162 shares during the period. Highland Capital Management LLC lifted its position in Constellium by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 1,233 shares during the period. Blue Trust Inc. lifted its position in Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the period. Finally, Rockingstone Advisors LLC raised its position in shares of Constellium by 1.1% in the 3rd quarter. Rockingstone Advisors LLC now owns 169,450 shares of the industrial products company’s stock valued at $2,755,000 after acquiring an additional 1,865 shares during the period. 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.