Constellium (NYSE:CSTM) Shares Up 5.3% - Time to Buy?

Constellium SE (NYSE:CSTM - Get Free Report)'s stock price shot up 5.3% during mid-day trading on Tuesday . The company traded as high as $9.59 and last traded at $9.63. 2,453,109 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 1,363,579 shares. The stock had previously closed at $9.15.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Tuesday, February 25th.

Constellium Stock Performance

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 market cap of $1.38 billion, a P/E ratio of 30.10 and a beta of 1.65. The business has a 50 day moving average price of $10.15 and a 200 day moving average price of $10.79.

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

Institutional Investors Weigh In On Constellium

Several large investors have recently added to or reduced their stakes in CSTM. Principal Financial Group Inc. raised its position in Constellium by 7.9% during the 1st quarter. Principal Financial Group Inc. now owns 99,435 shares of the industrial products company's stock valued at $1,003,000 after purchasing an additional 7,276 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Constellium by 51.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company's stock worth $526,000 after acquiring an additional 17,655 shares during the period. Highland Capital Management LLC purchased a new position in Constellium during the 1st quarter valued at about $257,000. SummerHaven Investment Management LLC raised its holdings in shares of Constellium by 3.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Rockingstone Advisors LLC lifted its position in shares of Constellium by 11.4% in the 1st quarter. Rockingstone Advisors LLC now owns 279,562 shares of the industrial products company's stock worth $2,821,000 after purchasing an additional 28,645 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.

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