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

Constellium SE (NYSE:CSTM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $27.41 and last traded at $26.95, with a volume of 1508768 shares changing hands. The stock had previously closed at $25.83.

Analysts Set New Price Targets

A number of research firms have recently commented on CSTM. JPMorgan Chase & Co. increased their target price on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. BMO Capital Markets increased their price target on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price target on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $29.00.

Constellium Trading Up 3.3%

The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 13.85 and a beta of 1.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. The company’s fifty day moving average price is $22.72 and its 200-day moving average price is $18.24.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.34) earnings per share. On average, research analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Constellium

In other Constellium news, insider Stephane Corre sold 3,000 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $24.69, for a total value of $74,070.00. Following the completion of the sale, the insider owned 44,444 shares in the company, valued at approximately $1,097,322.36. This represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Isabelle Boccon-Gibod sold 10,000 shares of Constellium stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the transaction, the director owned 23,000 shares in the company, valued at approximately $592,710. This represents a 30.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,270 shares of company stock worth $850,408 in the last 90 days.

Institutional Trading of Constellium

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Constellium by 6,985.7% during the 4th 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. Allworth Financial LP lifted its holdings in shares of Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares during the period. KBC Group NV purchased a new position in shares of Constellium in the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC lifted its position 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 period. Hedge funds and other 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.