Constellium (NYSE:CSTM) Reaches New 52-Week Low - Should You Sell?

Constellium SE (NYSE:CSTM - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $9.96 and last traded at $10.00, with a volume of 90642 shares traded. The stock had previously closed at $10.19.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CSTM shares. BMO Capital Markets cut their target price on shares of Constellium from $22.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on shares of Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a "buy" rating to a "hold" rating and dropped their target price for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Constellium Stock Down 2.2 %

The firm has a market cap of $1.44 billion, a P/E ratio of 13.47 and a beta of 1.65. The firm's 50 day moving average is $11.58 and its two-hundred day moving average is $15.14. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, research analysts anticipate that Constellium SE will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock worth $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Mountaineer Partners Management LLC grew its holdings in shares of Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company's stock worth $145,184,000 after buying an additional 8,428,150 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company's stock valued at $77,877,000 after buying an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP lifted its stake in Constellium by 0.9% in the 2nd quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company's stock valued at $69,046,000 after acquiring an additional 32,548 shares in the last quarter. Finally, Highland Peak Capital LLC boosted its position in Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company's stock worth $35,860,000 after acquiring an additional 234,756 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.