Constellium (NYSE:CSTM) Hits New 52-Week High – Time to Buy?

Constellium SE (NYSE:CSTM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.39 and last traded at $24.7690, with a volume of 181937 shares traded. The stock had previously closed at $24.64.

Analyst Ratings Changes

A number of equities analysts have recently commented on CSTM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 price target on shares of Constellium in a research report on Thursday, January 8th. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $17.00 to $25.00 in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.00.

Constellium Trading Up 1.2%

The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The business’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $17.06. The stock has a market cap of $3.43 billion, a P/E ratio of 31.51 and a beta of 1.51.

Institutional Investors Weigh In On Constellium

Several large investors have recently made changes to their positions in CSTM. Millennium Management LLC lifted its holdings in Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after purchasing an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC increased its holdings in shares of Constellium by 59.7% during the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after buying an additional 2,005,216 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Constellium by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after acquiring an additional 755,918 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after acquiring an additional 236,264 shares in the last quarter. Finally, Soapstone Management L.P. grew its position in Constellium by 12.6% during the 2nd quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock worth $23,628,000 after acquiring an additional 199,360 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

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.