Constellium (NYSE:CSTM) Sets New 12-Month High Following Strong Earnings

Constellium SE (NYSE:CSTM)’s stock price hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $10.39 and last traded at $10.22, with a volume of 4498717 shares changing hands. The stock had previously closed at $9.59.

The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Constellium’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised 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.

Institutional Investors Weigh In On Constellium

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock worth $5,473,000 after purchasing an additional 278,149 shares in the last quarter. Franklin Resources Inc. boosted its stake in Constellium by 19.5% during the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company’s stock valued at $2,661,000 after buying an additional 26,686 shares during the period. Principal Financial Group Inc. grew its position in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after buying an additional 364,423 shares in the last quarter. Rockingstone Advisors LLC increased its stake in Constellium by 48.1% in the 4th quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company’s stock worth $2,577,000 after acquiring an additional 81,467 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 17,515 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Up 6.6 %

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market cap of $1.46 billion, a P/E ratio of 31.94 and a beta of 1.65. The stock has a 50-day moving average price of $10.13 and a 200-day moving average price of $10.78.

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.