Constellium (NYSE:CSTM) Sees Strong Trading Volume

Constellium SE (NYSE:CSTM - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 1,307,343 shares changed hands during mid-day trading, an increase of 85% from the previous session's volume of 707,291 shares.The stock last traded at $21.19 and had previously closed at $20.72.

Analyst Ratings Changes

Several research analysts have commented on CSTM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd. UBS Group began coverage on shares of Constellium in a report on Tuesday, January 16th. They issued a "buy" rating and a $27.00 target price for the company. Benchmark reissued a "buy" rating and issued a $24.00 price target on shares of Constellium in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Constellium from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $25.60.

Constellium Stock Up 2.0 %

The business's 50-day moving average price is $20.49 and its 200-day moving average price is $18.87. The company has a quick ratio of 0.52, a current ratio of 1.31 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $3.05 billion, a PE ratio of 22.72 and a beta of 1.71.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.23). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. Constellium had a net margin of 1.73% and a return on equity of 16.86%. As a group, equities research analysts predict that Constellium SE will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSTM. Vaughan Nelson Investment Management L.P. raised its position in Constellium by 84.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company's stock valued at $51,860,000 after acquiring an additional 1,192,105 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Constellium by 2,745.7% in the third quarter. Principal Financial Group Inc. now owns 1,016,502 shares of the industrial products company's stock valued at $18,500,000 after purchasing an additional 980,781 shares during the period. Rubric Capital Management LP raised its position in shares of Constellium by 49.6% in the fourth quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company's stock valued at $58,372,000 after purchasing an additional 970,164 shares during the period. Norges Bank bought a new position in shares of Constellium in the fourth quarter valued at approximately $18,845,000. Finally, Cannell & Co. raised its position in shares of Constellium by 29.3% in the fourth quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company's stock valued at $51,132,000 after purchasing an additional 580,500 shares during the period. Institutional investors own 92.59% of the company's stock.

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.