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Robert F. Hoffman, the Senior Vice President of IT and Chief Accounting Officer at Century Aluminum Co . (NASDAQ:CENX), recently sold a portion of his holdings in the company. The transaction comes as Century Aluminum, with a market capitalization of $1.75 billion, has seen its stock surge over 25% in the past six months. According to a filing with the Securities and Exchange Commission, Hoffman sold 5,000 shares of Century Aluminum stock on March 20, 2025, at a price of $20.24 per share, totaling approximately $101,199.
Following this transaction, Hoffman holds 59,083 shares directly, a figure that includes unvested time-vested stock units (TVSUs) granted under the company’s Long-Term Incentive Plans. Additionally, Hoffman indirectly owns shares through a 401(k) plan, as reported by the plan trustee on the same date. According to InvestingPro analysis, Century Aluminum appears undervalued at current levels, with a "GOOD" overall financial health rating. Track insider transactions and access detailed valuation metrics for over 1,400 stocks with InvestingPro’s comprehensive research reports.
In other recent news, Century Aluminum reported a significant improvement in its financial performance for 2024, with adjusted EBITDA rising to $218 million from $133 million in 2023. This growth was attributed to higher alumina prices and favorable power price realizations. Looking ahead, the company’s adjusted EBITDA for 2025 is projected to reach approximately $300 million, driven by increased aluminum import tariffs and higher aluminum prices. Additionally, Century Aluminum announced the appointment of Peter Trpkovski as its new Executive Vice President and Chief Financial Officer, a move expected to bolster the company’s financial strategy.
Moody’s Ratings upgraded Century Aluminum’s corporate family rating from B3 to B2, maintaining a positive outlook based on expectations of stronger operating earnings and cash flows. The company is projected to generate strong free cash flow in 2025, partly due to the receipt of accrued tax credits. In another development, BMO Capital Markets upgraded Century Aluminum’s stock rating from Market Perform to Outperform, citing attractive valuation and potential benefits from favorable aluminum prices.
The U.S. Midwest duty-paid aluminum premium surged to a record high, exceeding $990 a metric ton, following the U.S. government’s decision to double tariffs on Canadian aluminum imports to 50%. This tariff increase, effective soon, is part of a broader trade measure impacting the aluminum market. These developments collectively highlight significant changes for Century Aluminum, reflecting both strategic internal adjustments and external market influences.
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