Constellium (NYSE:CSTM) Hits New 52-Week High – Here’s Why

Constellium SE (NYSE:CSTM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.71 and last traded at $22.6530, with a volume of 249036 shares. The stock had previously closed at $23.07.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSTM shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $25.00 target price on shares of Constellium in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

Constellium Price Performance

The company has a market cap of $3.10 billion, a price-to-earnings ratio of 28.44 and a beta of 1.52. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company’s 50 day moving average price is $19.60 and its 200 day moving average price is $16.50.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business posted $0.02 earnings per share. Constellium’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC raised its stake in shares of Constellium by 59.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after buying an additional 2,005,216 shares during the last quarter. Millennium Management LLC raised its position in Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after acquiring an additional 1,813,400 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Constellium by 139.7% in the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock valued at $28,879,000 after purchasing an additional 1,265,401 shares in the last quarter. Cooper Creek Partners Management LLC grew its position in shares of Constellium by 244.6% in the second quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company’s stock valued at $22,165,000 after purchasing an additional 1,182,966 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new position in shares of Constellium during the 2nd quarter worth approximately $14,054,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.