Constellium (NYSE:CSTM) Reaches New 52-Week High – Here’s What Happened

Constellium SE (NYSE:CSTM)’s share price reached 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.

Analysts Set New Price Targets

CSTM has been the subject of several recent research reports. Wall Street Zen upgraded shares of 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. Wells Fargo & Company raised shares of Constellium from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $25.00 in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 target price on shares of Constellium in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.00.

Constellium Stock Performance

The stock has a market capitalization of $3.21 billion, a P/E ratio of 29.49 and a beta of 1.51. The stock has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $17.16. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Constellium by 5.3% in the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 3,629 shares during the last quarter. AQR Capital Management LLC lifted its stake in Constellium by 354.0% in the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock valued at $924,000 after purchasing an additional 71,396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Constellium by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 3,393 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Constellium during the second quarter worth approximately $354,000. Finally, CWM LLC increased its position in Constellium by 353.3% during the second quarter. CWM LLC now owns 31,016 shares of the industrial products company’s stock worth $413,000 after buying an additional 24,174 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.