Constellium (NYSE:CSTM) Trading 4.6% Higher - Here's Why

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Constellium Trading Down 1.0 %

The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The stock has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $12.69. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 35.87 and a beta of 1.68.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Creative Planning lifted its holdings in shares of 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 buying an additional 8,755 shares during the period. Blue Trust Inc. raised its position in Constellium by 863.5% during the third 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 in the last quarter. Ballentine Partners LLC acquired a new position in Constellium in the third quarter valued at approximately $168,000. abrdn plc boosted its position in Constellium by 5.7% in the 3rd quarter. abrdn plc now owns 184,849 shares of the industrial products company's stock worth $3,006,000 after purchasing an additional 10,009 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Constellium by 14.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 24,835 shares of the industrial products company's stock worth $404,000 after purchasing an additional 3,201 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.