Constellium SE (NYSE:CSTM – Get Rating) shares saw strong trading volume on Thursday . 52,225 shares traded hands during mid-day trading, a decline of 91% from the previous session's volume of 552,585 shares.The stock last traded at $12.86 and had previously closed at $12.83.
Analyst Ratings Changes
Separately, StockNews.com lowered Constellium from a "buy" rating to a "hold" rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.17.
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Constellium Price Performance
The stock has a market cap of $1.80 billion, a P/E ratio of 6.69 and a beta of 1.92. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.57 and a current ratio of 1.21. The business has a 50 day simple moving average of $13.81 and a 200-day simple moving average of $15.71.
Constellium (NYSE:CSTM – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.12. Constellium had a return on equity of 72.41% and a net
margin of 3.41%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The business's revenue for the quarter was up 49.9% on a year-over-year basis. On average, sell-side analysts forecast that Constellium SE will post 1.8 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Amundi lifted its position in shares of Constellium by 11.4% during the 2nd quarter. Amundi now owns 72,736 shares of the industrial products company's stock valued at $945,000 after buying an additional 7,464 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Constellium by 170.1% during the 2nd quarter. Verition Fund Management LLC now owns 215,283 shares of the industrial products company's stock worth $2,844,000 after purchasing an additional 135,592 shares in the last quarter. Legal & General Group Plc lifted its holdings in Constellium by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 73,680 shares of the industrial products company's stock worth $974,000 after purchasing an additional 2,463 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in Constellium by 55.6% during the 2nd quarter. ExodusPoint Capital Management LP now owns 71,978 shares of the industrial products company's stock worth $951,000 after purchasing an additional 25,719 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in Constellium by 2.8% during the 2nd quarter. Penn Capital Management Company LLC now owns 95,733 shares of the industrial products company's stock worth $1,265,000 after purchasing an additional 2,576 shares in the last quarter. Hedge funds and other institutional investors own 94.25% of the company's stock.
Constellium Company Profile
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Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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