Constellium (NYSE:CSTM) Shares Gap Down – Time to Sell?

Shares of Constellium SE (NYSE:CSTM) gapped down before the market opened on Wednesday . The stock had previously closed at $14.93, but opened at $12.00. Constellium shares last traded at $12.31, with a volume of 1,288,365 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSTM shares. JPMorgan Chase & Co. decreased their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. 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. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $12.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Price Performance

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.06 and a beta of 1.59. The company’s 50-day simple moving average is $15.71 and its 200-day simple moving average is $18.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60.

Constellium (NYSE:CSTM) last released its quarterly earnings results 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. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last 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. Research analysts forecast that Constellium SE will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

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