Constellium (NYSE:CSTM) Sees Unusually-High Trading Volume - Here's What Happened

Constellium SE (NYSE:CSTM - Get Free Report) shares saw strong trading volume on Thursday . 1,249,150 shares were traded during 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 Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Constellium from $22.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered Constellium from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $12.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

Constellium Stock Up 1.1 %

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 company has a market cap of $1.57 billion, a price-to-earnings ratio of 11.88 and a beta of 1.59. The business has a 50-day simple moving average of $15.82 and a 200-day simple moving average of $18.26.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly 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 company had revenue of $1.80 billion for 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 for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, equities analysts anticipate that Constellium SE will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Constellium

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 676 shares during the last quarter. Blue Trust Inc. increased its holdings 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. Point72 DIFC Ltd purchased a new position in shares of Constellium in the 2nd quarter valued at about $85,000. Quarry LP increased its holdings in shares of Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after acquiring an additional 933 shares during the last quarter. Institutional investors and hedge funds 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.