Constellium (NYSE:CSTM) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Constellium SE (NYSE:CSTM)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $29.44 and traded as low as $24.23. Constellium shares last traded at $24.61, with a volume of 2,163,109 shares.

Analysts Set New Price Targets

CSTM has been the topic of several recent research reports. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Wells Fargo & Company decreased their target price on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Constellium in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Constellium in a research report on Monday. Finally, UBS Group cut their price objective on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

Constellium Stock Down 1.8%

The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 6.22 and a beta of 1.55. The business has a fifty day simple moving average of $27.37 and a 200 day simple moving average of $29.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue was up 30.7% on a year-over-year basis. As a group, equities analysts forecast that Constellium SE will post 3.7 EPS for the current fiscal year.

Insider Activity at Constellium

In other Constellium news, Director Jean-Christophe Deslarzes bought 1,490 shares of Constellium stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, for a total transaction of $40,587.60. Following the completion of the transaction, the director directly owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its holdings in shares of Constellium by 4.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 409 shares during the last quarter. Summit Global Investments boosted its stake in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after buying an additional 554 shares during the last quarter. Moran Wealth Management LLC grew its holdings in Constellium by 6.7% in the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after buying an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 803 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Constellium by 0.4% in 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 during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.