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

Constellium SE (NYSE:CSTM) was the target of unusually large options trading activity on Thursday. Stock investors bought 5,002 put options on the company. This represents an increase of 143% compared to the average volume of 2,062 put options.

Constellium Stock Performance

Shares of NYSE:CSTM traded up $0.14 on Thursday, hitting $16.90. The company had a trading volume of 301,528 shares, compared to its average volume of 932,554. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 18.61 and a beta of 1.60. The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $19.24. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $0.35 EPS. Constellium’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts expect that Constellium will post 1.6 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSTM. BMO Capital Markets reduced their target price on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $25.00.

Hedge Funds Weigh In On Constellium

Hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its position in shares of Constellium by 47.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after acquiring an additional 1,334,550 shares during the period. Rubric Capital Management LP increased its stake in Constellium by 0.9% in the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock valued at $69,046,000 after acquiring an additional 32,548 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after purchasing an additional 257,618 shares during the last quarter. Highland Peak Capital LLC boosted its holdings in shares of Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after purchasing an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Constellium by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after purchasing an additional 21,569 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Company Profile

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.