Constellium (NYSE:CSTM) Sets New 12-Month High – What’s Next?

Constellium SE (NYSE:CSTM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.39 and last traded at $24.7690, with a volume of 181937 shares changing hands. The stock had previously closed at $24.64.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company raised shares of Constellium from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $25.00 in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.00.

Constellium Stock Up 1.2%

The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 31.51 and a beta of 1.51. The business has a fifty day moving average of $20.69 and a 200 day moving average of $17.06. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Constellium in the 2nd quarter valued at approximately $56,000. Institutional investors 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.