Constellium (NYSE:CSTM) Stock Moved Down to “Hold” by Zacks Research

Zacks Research lowered shares of Constellium (NYSE:CSTM) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks reports.

Several other research analysts also recently commented on CSTM. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. UBS Group dropped their price target on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Constellium in a research report on Thursday, July 30th. Finally, Wells Fargo & Company decreased their target price on Constellium from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Constellium has a consensus rating of “Moderate Buy” and an average target price of $35.60.

Constellium Price Performance

Shares of CSTM stock opened at $25.40 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61. The stock’s fifty day simple moving average is $26.86 and its 200 day simple moving average is $29.44. Constellium has a one year low of $14.39 and a one year high of $36.99. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 6.55 and a beta of 1.57.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. On average, analysts expect that Constellium will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. This trade represents a 3.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in Constellium by 4.2% during the second quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock worth $322,000 after buying an additional 409 shares during the last quarter. Summit Global Investments raised its stake in Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after buying an additional 554 shares during the period. Moran Wealth Management LLC lifted its position in shares of Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after buying an additional 692 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Constellium by 0.4% in the second quarter. Sequoia Financial Advisors LLC now owns 198,018 shares of the industrial products company’s stock valued at $6,311,000 after buying an additional 820 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Constellium during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Company Profile

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.