Key Points
- CAO Robert Hoffman sold 10,000 shares on March 4 at an average price of $56.33 for $563,300, reducing his ownership by 12.96% to 67,172 shares (≈$3.78M).
- CENX opened at $53.69 with a 52‑week range of $13.05–$56.96, a market capitalization of $5.31 billion, a P/E of 134.23, and 50‑/200‑day moving averages of $48.15 and $35.49 respectively.
- Analysts have a consensus Buy rating with a $54.33 price target following several upgrades, and institutional investors own 61.59% of the stock with large increases from Glencore and Vanguard.
Century Aluminum Company (NASDAQ:CENX - Get Free Report) CAO Robert Hoffman sold 10,000 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $56.33, for a total value of $563,300.00. Following the completion of the transaction, the chief accounting officer directly owned 67,172 shares in the company, valued at approximately $3,783,798.76. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Century Aluminum Stock Performance
Shares of CENX stock opened at $53.69 on Friday. The business has a fifty day moving average of $48.15 and a 200 day moving average of $35.49. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $56.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 134.23 and a beta of 2.17.
Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, meeting the consensus estimate of $1.25. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The business had revenue of $633.70 million for the quarter, compared to the consensus estimate of $661.63 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company's quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CENX. Weiss Ratings reissued a "hold (c)" rating on shares of Century Aluminum in a research report on Wednesday, January 21st. BMO Capital Markets upped their price objective on shares of Century Aluminum from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Century Aluminum from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Wells Fargo & Company raised their target price on shares of Century Aluminum from $46.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday, January 13th. Finally, B. Riley Financial boosted their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $54.33.
Read Our Latest Stock Report on Century Aluminum
Institutional Trading of Century Aluminum
Several institutional investors have recently bought and sold shares of CENX. Glencore plc raised its stake in shares of Century Aluminum by 33.6% during the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company's stock worth $2,096,596,000 after buying an additional 13,454,538 shares during the period. Vanguard Group Inc. grew its stake in Century Aluminum by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company's stock valued at $271,901,000 after acquiring an additional 1,094,257 shares during the period. State Street Corp increased its holdings in Century Aluminum by 1.8% in the 4th quarter. State Street Corp now owns 4,295,711 shares of the industrial products company's stock worth $168,306,000 after acquiring an additional 77,895 shares in the last quarter. Boston Partners raised its position in Century Aluminum by 340.1% during the second quarter. Boston Partners now owns 1,733,668 shares of the industrial products company's stock worth $31,248,000 after acquiring an additional 1,339,744 shares during the period. Finally, Morgan Stanley raised its position in Century Aluminum by 12.3% during the fourth quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company's stock worth $63,044,000 after acquiring an additional 176,730 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.
Century Aluminum Company Profile
(
Get Free Report)
Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.
The company's core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.
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