Constellium (NYSE:CSTM) Reaches New 52-Week Low – Time to Sell?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week low on Monday . The company traded as low as $14.12 and last traded at $14.15, with a volume of 798727 shares trading hands. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, BMO Capital Markets dropped their target price on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, October 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has an average rating of “Buy” and an average price target of $23.80.

Constellium Trading Down 28.7 %

The company has a market capitalization of $1.54 billion, a P/E ratio of 12.40 and a beta of 1.59. The stock has a 50 day moving average of $15.92 and a 200-day moving average of $18.31. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.89 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 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. On average, research analysts predict that Constellium SE will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in Constellium by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 219,641 shares of the industrial products company’s stock worth $4,384,000 after purchasing an additional 17,171 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Constellium during the 1st quarter valued at approximately $272,000. Vaughan Nelson Investment Management L.P. grew its holdings in Constellium by 19.4% during the 1st 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 buying an additional 504,421 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Constellium by 464.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 124,067 shares of the industrial products company’s stock worth $2,743,000 after acquiring an additional 102,085 shares during the last quarter. Finally, Saxon Interests Inc. purchased a new stake in shares of Constellium during the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.