Insider Trading March 7, 2026

Century Aluminum Executive Sells $563,300 in Stock Amid Strong Share Gains

SVP of IT and CAO Robert F. Hoffman disposed of 10,000 shares as the company reports steady EBITDA and advances a major U.S. smelter joint venture

By Maya Rios CENX
Century Aluminum Executive Sells $563,300 in Stock Amid Strong Share Gains
CENX

Robert F. Hoffman, Century Aluminum Co's senior vice president of IT and chief accounting officer, sold 10,000 shares on March 4, 2026, for $563,300. The sale occurred near the stock's 52-week high while the company reported fourth-quarter 2025 EBITDA in line with expectations and pursued a large joint venture to expand U.S. primary aluminum capacity.

Key Points

  • Century Aluminum SVP of IT and CAO Robert F. Hoffman sold 10,000 shares on March 4, 2026, for $563,300 at prices between $56.15 and $56.50, near the 52-week high of $56.96.
  • The company reported fourth-quarter 2025 EBITDA of $171 million, in line with expectations and at the lower end of guidance; the Mt. Holly restart is expected to improve future results.
  • Century Aluminum entered a joint venture with Emirates Global Aluminium to build a 750,000-tonne-per-year primary aluminum plant in Inola, Oklahoma, in which Century will own 40% - analysts have adjusted price targets, reflecting differing views on near-term upside.

Robert F. Hoffman, who serves as senior vice president of information technology and chief accounting officer at Century Aluminum Co (NASDAQ:CENX), completed the sale of 10,000 shares of common stock on March 4, 2026, netting $563,300.

The disposals were transacted at prices between $56.15 and $56.50 per share, levels close to the stock's 52-week peak of $56.96. The trades took place against a backdrop of strong share performance for Century Aluminum - the company has recorded a 188% return over the last year - with shares quoted at $53.69 at the time of reporting.

Following the March 4 sale, Hoffman's direct holdings in Century Aluminum stand at 67,172 shares, a total that the company records as inclusive of unvested restricted stock units. In addition, he retains an indirect holding of 14.5476 shares through a 401(k) plan.

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Operationally, Century Aluminum reported fourth-quarter 2025 EBITDA of $171 million. That figure matched expectations and sat at the lower boundary of the company's guidance range. Management has signaled that the restart of the Mt. Holly facility is expected to support improved results going forward.

On a strategic front, Century Aluminum has entered a partnership with Emirates Global Aluminium to develop a new primary aluminum production complex in Inola, Oklahoma. The planned facility is intended to produce 750,000 tonnes of aluminum per year, representing a substantial increase in U.S. primary aluminum output. Under the terms disclosed, Century Aluminum will hold a 40% ownership interest in the joint venture.

Market analysts have adjusted their views on the shares in recent activity. BMO Capital has increased its price target for Century Aluminum to $61 and retained an Outperform rating. Separately, Texas Capital Securities initiated coverage with a Buy rating and set a $42 price target, which the firm calculated as implying roughly 30% upside from then-current levels.

Political and trade developments have also affected sentiment toward the company. The Trump administration's consideration of scaling back tariffs on steel and aluminum products has been cited as a factor that has pressured Century Aluminum's stock, contributing to a decline in its share price during the period in question.

This combination of insider selling, recent operational results, a major capacity-expanding joint venture, and evolving analyst coverage illustrates a dynamic set of influences on Century Aluminum as it navigates both market and political variables.

Risks

  • Potential policy changes - consideration of scaling back tariffs on steel and aluminum has already affected Century Aluminum's stock, creating market uncertainty for the metals sector.
  • Operational and guidance risk - reported EBITDA was at the lower end of guidance, and the expected benefit from the Mt. Holly facility restart remains prospective.
  • Market valuation divergence - analyst price targets vary materially (for example, $61 from BMO Capital versus $42 from Texas Capital Securities), indicating differing assessments of near-term upside and valuation in the materials sector.

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