Constellium (NYSE:CSTM) posted its earnings results on Thursday. The industrial products company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.87), Morningstar.com reports. Constellium had a negative net margin of 0.66% and a negative return on equity of 5.81%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis.
Constellium (NYSE CSTM) traded up $0.15 during mid-day trading on Friday, hitting $13.05. The stock had a trading volume of 2,067,492 shares, compared to its average volume of 1,586,985. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of -4.43. The firm has a market capitalization of $1,362.01, a PE ratio of -54.38 and a beta of 0.78. Constellium has a 52 week low of $5.35 and a 52 week high of $14.10.
Several hedge funds have recently bought and sold shares of the company. Sound Point Capital Management LP acquired a new position in shares of Constellium during the fourth quarter worth about $6,409,000. BB&T Securities LLC boosted its position in shares of Constellium by 204.9% during the fourth quarter. BB&T Securities LLC now owns 44,582 shares of the industrial products company’s stock worth $497,000 after buying an additional 29,962 shares during the period. Macquarie Group Ltd. boosted its position in shares of Constellium by 124.0% during the fourth quarter. Macquarie Group Ltd. now owns 49,683 shares of the industrial products company’s stock worth $554,000 after buying an additional 27,500 shares during the period. Millennium Management LLC boosted its position in shares of Constellium by 80.9% during the fourth quarter. Millennium Management LLC now owns 774,630 shares of the industrial products company’s stock worth $8,637,000 after buying an additional 346,529 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Constellium by 82.4% during the fourth quarter. Raymond James & Associates now owns 47,972 shares of the industrial products company’s stock worth $535,000 after buying an additional 21,666 shares during the period. 68.08% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the company. ValuEngine cut Constellium from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley upped their price objective on Constellium from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets set a $13.00 price objective on Constellium and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen set a $20.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, BidaskClub cut Constellium from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Constellium presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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