Constellium (NYSE:CSTM) Trading Down 5.4% Following Weak Earnings

Constellium SE (NYSE:CSTM)’s stock price traded down 5.4% during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $20.00 and last traded at $20.18. 1,559,268 shares were traded during mid-day trading, an increase of 111% from the average session volume of 739,664 shares. The stock had previously closed at $21.33.

The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a net margin of 1.73% and a return on equity of 15.90%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.71 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Benchmark reiterated a “buy” rating and set a $24.00 price objective on shares of Constellium in a research note on Friday, April 19th. Finally, UBS Group started coverage on shares of Constellium in a research note on Tuesday, January 16th. They set a “buy” rating and a $27.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $25.40.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the stock. Renaissance Group LLC boosted its holdings in Constellium by 1.1% during the first quarter. Renaissance Group LLC now owns 517,207 shares of the industrial products company’s stock worth $11,435,000 after buying an additional 5,676 shares in the last quarter. Saxon Interests Inc. purchased a new stake in Constellium during the first quarter worth $206,000. Allspring Global Investments Holdings LLC boosted its holdings in Constellium by 464.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 124,067 shares of the industrial products company’s stock worth $2,743,000 after buying an additional 102,085 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Constellium by 19.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after buying an additional 504,421 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Constellium during the first quarter worth $272,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

The stock’s fifty day moving average is $20.59 and its 200-day moving average is $18.92. The stock has a market capitalization of $2.99 billion, a PE ratio of 23.00 and a beta of 1.71. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52.

Constellium Company Profile

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.