Constellium (NYSE:CSTM) Shares Up 4.6% – Here’s Why

Shares of Constellium SE (NYSE:CSTM) were up 4.6% on Monday . The stock traded as high as $10.83 and last traded at $10.91. Approximately 862,693 shares were traded during trading, a decline of 37% from the average daily volume of 1,379,678 shares. The stock had previously closed at $10.43.

Constellium Stock Up 4.0 %

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 stock has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $12.76. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 33.89 and a beta of 1.68.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its stake in Constellium by 16.3% in the 3rd quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 8,755 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,753 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Constellium by 41.5% during the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 2,805 shares in the last quarter. Ballentine Partners LLC bought a new stake in Constellium during the 3rd quarter worth $168,000. Finally, Highland Capital Management LLC increased its holdings in Constellium by 10.1% in the 3rd quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 1,233 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

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.