Constellium (NYSE:CSTM) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Constellium (NYSE:CSTM) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other analysts have also issued reports on the company. BMO Capital Markets cut their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $12.00 in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Up 2.9 %

Shares of CSTM traded up $0.32 during mid-day trading on Thursday, reaching $11.17. The company’s stock had a trading volume of 824,817 shares, compared to its average volume of 1,054,404. The business has a fifty day moving average of $15.71 and a 200 day moving average of $18.20. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 12.06 and a beta of 1.59. Constellium has a 1 year low of $10.49 and a 1 year high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. Constellium’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, analysts forecast that Constellium will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several institutional investors have recently bought and sold shares of CSTM. Westwood Holdings Group Inc. grew its position in shares of Constellium by 12,970.1% in the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock valued at $61,839,000 after purchasing an additional 2,775,469 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Constellium by 19.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock valued at $68,598,000 after purchasing an additional 504,421 shares during the last quarter. Kailix Advisors LLC grew its position in shares of Constellium by 40.0% in the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock valued at $29,222,000 after purchasing an additional 413,605 shares during the last quarter. Millennium Management LLC grew its position in shares of Constellium by 29.9% in the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock valued at $22,127,000 after purchasing an additional 270,475 shares during the last quarter. Finally, Highland Peak Capital LLC grew its position 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 purchasing an additional 234,756 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.