Constellium Target of Unusually High Options Trading (NYSE:CSTM)

Constellium SE (NYSE:CSTM) saw unusually large options trading activity on Thursday. Investors purchased 5,002 put options on the stock. This represents an increase of 143% compared to the typical volume of 2,062 put options.

Analysts Set New Price Targets

Several research firms have commented on CSTM. JPMorgan Chase & Co. dropped their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium presently has a consensus rating of “Buy” and a consensus target price of $25.00.

Constellium Trading Down 3.2 %

Shares of CSTM stock opened at $16.23 on Friday. The stock has a 50-day moving average of $16.76 and a 200-day moving average of $19.23. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 18.62 and a beta of 1.60. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $0.35 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Constellium will post 1.6 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in Constellium during the 2nd quarter worth about $85,000. Truist Financial Corp boosted its position in shares of Constellium by 61.1% during the 2nd quarter. Truist Financial Corp now owns 37,345 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 14,165 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Constellium during the 2nd quarter valued at about $3,567,000. Quarry LP grew its stake in Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 3,735 shares during the period. Finally, Creative Planning increased its holdings in Constellium by 29.7% in the second quarter. Creative Planning now owns 53,613 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 12,273 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

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.