Constellium (NYSE:CSTM) Sets New 52-Week High – Still a Buy?

Constellium SE (NYSE:CSTM) shares reached a new 52-week high on Wednesday . The company traded as high as $27.41 and last traded at $26.95, with a volume of 1508768 shares. The stock had previously closed at $25.83.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets upped their price target on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $29.00.

Constellium Stock Performance

The firm’s fifty day simple moving average is $23.02 and its 200 day simple moving average is $18.35. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 13.24 and a beta of 1.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business earned ($0.34) earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. On average, sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current year.

Insider Buying and Selling

In related news, Director Isabelle Boccon-Gibod sold 10,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the completion of the sale, the director directly owned 23,000 shares of the company’s stock, valued at approximately $592,710. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Charles Walters sold 1,500 shares of Constellium stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 113,270 shares of company stock valued at $2,966,408. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC increased its stake in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares during the period. Allworth Financial LP increased its stake in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares in the last quarter. GAMMA Investing LLC boosted its position in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the last quarter. Finally, KBC Group NV acquired a new stake in Constellium during the second quarter valued at $56,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.