Constellium (NYSE:CSTM) Shares Up 5.3% – Here’s What Happened

Constellium SE (NYSE:CSTM) shares rose 5.3% during mid-day trading on Thursday . The stock traded as high as $11.50 and last traded at $11.45. Approximately 1,015,668 shares traded hands during trading, a decline of 16% from the average daily volume of 1,207,636 shares. The stock had previously closed at $10.87.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Constellium Stock Up 3.0 %

The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.70 billion, a P/E ratio of 36.92 and a beta of 1.64. The company has a 50-day moving average of $10.27 and a two-hundred day moving average of $12.51.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, research analysts predict that Constellium SE will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Constellium by 35.3% in the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after acquiring an additional 364,423 shares during the last quarter. Kailix Advisors LLC grew its stake in shares of Constellium by 14.8% in the third quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock worth $26,998,000 after acquiring an additional 213,763 shares during the last quarter. Entropy Technologies LP grew its stake in shares of Constellium by 43.3% in the third quarter. Entropy Technologies LP now owns 40,927 shares of the industrial products company’s stock worth $665,000 after acquiring an additional 12,369 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Constellium in the third quarter worth $684,000. Finally, Victory Capital Management Inc. grew its stake in shares of Constellium by 15.6% in the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after acquiring an additional 111,390 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

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.