Constellium (NYSE:CSTM) Shares Cross Below 200-Day Moving Average After Analyst Downgrade

Constellium SE (NYSE:CSTM) shares crossed below its 200-day moving average during trading on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $39.00 to $36.00. The stock has a 200-day moving average of $29.44 and traded as low as $24.93. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Constellium shares last traded at $25.3960, with a volume of 1,341,925 shares.

CSTM has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. UBS Group dropped their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company cut their price target on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.40.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $27.24 per share, with a total value of $40,587.60. Following the transaction, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CSTM. Integrated Wealth Concepts LLC raised its position in shares of Constellium by 4.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 409 shares during the last quarter. GAMMA Investing LLC raised its stake in Constellium by 12.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 447 shares during the last quarter. Summit Global Investments raised its holdings in shares of Constellium by 1.7% during the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares during the period. Moran Wealth Management LLC increased its stake in Constellium by 6.7% during the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 692 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Constellium by 0.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 198,018 shares of the industrial products company’s stock worth $6,311,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 0.9%

The company has a fifty day simple moving average of $26.80 and a two-hundred day simple moving average of $29.46. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The company has a market cap of $3.50 billion, a PE ratio of 6.66 and a beta of 1.57.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The company’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 posted $0.25 earnings per share. Analysts anticipate that Constellium SE will post 3.7 EPS for the current year.

About Constellium

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.