Constellium (NYSE:CSTM) Sees Large Volume Increase – Here’s What Happened

Constellium SE (NYSE:CSTM) saw unusually-strong trading volume on Thursday . Approximately 1,249,150 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 1,036,206 shares.The stock last traded at $10.81 and had previously closed at $10.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSTM shares. BMO Capital Markets reduced their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $12.00 in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Performance

The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The stock has a market capitalization of $1.57 billion, a PE ratio of 11.88 and a beta of 1.59. The firm’s 50 day moving average is $15.82 and its two-hundred day moving average is $18.26.

Constellium (NYSE:CSTM) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. As a group, research analysts predict that Constellium SE will post 1.54 earnings per share for the current year.

Institutional Trading of Constellium

Large investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. increased its position in shares of Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after purchasing an additional 1,334,550 shares during the last quarter. Rubric Capital Management LP raised its stake in Constellium by 0.9% in the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock valued at $69,046,000 after buying an additional 32,548 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Constellium by 8.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after buying an additional 257,618 shares during the last quarter. Highland Peak Capital LLC boosted its position in shares of Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Constellium by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after acquiring an additional 21,569 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other 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.