Constellium Sees Unusually High Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) was the recipient of some unusual options trading on Tuesday. Investors acquired 2,035 put options on the company. This represents an increase of 244% compared to the average volume of 591 put options.

Wall Street Analyst Weigh In

CSTM has been the topic of several recent analyst reports. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. increased their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Two research 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, Constellium currently has a consensus rating of “Hold” and an average target price of $24.00.

Constellium Stock Up 4.6%

NYSE CSTM opened at $23.00 on Thursday. The stock has a fifty day moving average of $18.53 and a 200-day moving average of $16.10. The stock has a market capitalization of $3.17 billion, a P/E ratio of 29.11 and a beta of 1.52. Constellium has a 52 week low of $7.32 and a 52 week high of $23.03. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.25. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, equities research analysts forecast that Constellium will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after buying an additional 1,813,400 shares during the period. Encompass Capital Advisors LLC lifted its stake in shares of Constellium by 59.7% in the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after purchasing an additional 2,005,216 shares during the period. Vanguard Group Inc. boosted its position in shares of Constellium by 39.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock worth $49,090,000 after purchasing an additional 938,155 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Constellium by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after purchasing an additional 236,264 shares during the period. Finally, Soapstone Management L.P. increased its holdings in Constellium by 12.6% in the second quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock valued at $23,628,000 after purchasing an additional 199,360 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.