Constellium (NYSE:CSTM) Shares Down 4.6%

Shares of Constellium SE (NYSE:CSTM) dropped 4.6% during trading on Tuesday . The stock traded as low as $18.55 and last traded at $18.57. Approximately 6,212 shares traded hands during trading, a decline of 99% from the average daily volume of 1,096,535 shares. The stock had previously closed at $19.46.

CSTM has been the subject of several analyst reports. TheStreet raised shares of Constellium from a “d” rating to a “c+” rating in a research report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellium from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Constellium in a research report on Thursday, September 9th. They set a “buy” rating and a $25.00 price target for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $21.67.

The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 13.85. The company has a market capitalization of $2.59 billion, a PE ratio of 12.01 and a beta of 2.67. The business’s 50-day simple moving average is $19.33 and its 200-day simple moving average is $17.81.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its position in Constellium by 52.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 141,363 shares of the industrial products company’s stock worth $2,679,000 after buying an additional 48,820 shares during the last quarter. Bornite Capital Management LP purchased a new position in Constellium during the 2nd quarter worth approximately $5,685,000. Invesco Ltd. raised its position in Constellium by 60.6% during the 2nd quarter. Invesco Ltd. now owns 98,198 shares of the industrial products company’s stock worth $1,861,000 after buying an additional 37,057 shares during the last quarter. Oberweis Asset Management Inc. raised its position in Constellium by 6.3% during the 2nd quarter. Oberweis Asset Management Inc. now owns 6,592,097 shares of the industrial products company’s stock worth $124,920,000 after buying an additional 388,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Constellium by 10.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,235,133 shares of the industrial products company’s stock worth $364,506,000 after buying an additional 1,872,580 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

Constellium Company Profile (NYSE:CSTM)

Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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