Constellium (NYSE:CSTM) Sets New 1-Year High – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSTM. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 target price on shares of Constellium in a research report on Thursday, January 8th. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Finally, Wells Fargo & Company upgraded Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.00.

Constellium Price Performance

The business’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $16.40. The company has a market capitalization of $3.17 billion, a P/E ratio of 29.09 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.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. As a group, sell-side analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in shares of Constellium by 35.4% in the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after purchasing an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC increased its holdings in shares of Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after buying an additional 2,005,216 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Constellium by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after acquiring an additional 755,918 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Constellium by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after acquiring an additional 236,264 shares during the last quarter. Finally, Soapstone Management L.P. boosted its stake in shares of Constellium by 12.6% during the 2nd quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock worth $23,628,000 after acquiring an additional 199,360 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Company Profile

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.