Constellium (CSTM) Shares Down 5.2%

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Constellium NV (NYSE:CSTM) was down 5.2% on Friday . The stock traded as low as $8.41 and last traded at $8.47. Approximately 844,925 shares traded hands during trading, a decline of 8% from the average daily volume of 920,417 shares. The stock had previously closed at $8.93.

Separately, ValuEngine raised shares of Constellium from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.33.

The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 11.93 and a beta of 1.56.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.33). Constellium had a net margin of 3.31% and a negative return on equity of 42.78%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Constellium’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Constellium NV will post 1.12 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Constellium by 1.8% in the 4th quarter. BlackRock Inc. now owns 5,960,083 shares of the industrial products company’s stock worth $41,660,000 after purchasing an additional 102,905 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Constellium by 20.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 3,938,915 shares of the industrial products company’s stock worth $27,534,000 after acquiring an additional 665,890 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Constellium by 15.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,904,293 shares of the industrial products company’s stock worth $48,218,000 after acquiring an additional 523,458 shares in the last quarter. FMR LLC increased its stake in shares of Constellium by 24.7% in the 4th quarter. FMR LLC now owns 3,337,000 shares of the industrial products company’s stock worth $23,326,000 after acquiring an additional 660,300 shares in the last quarter. Finally, Evermore Global Advisors LLC increased its stake in shares of Constellium by 11.1% in the 4th quarter. Evermore Global Advisors LLC now owns 2,806,202 shares of the industrial products company’s stock worth $19,615,000 after acquiring an additional 280,795 shares in the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.

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About Constellium (NYSE:CSTM)

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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