Northwestern Mutual Wealth Management Co. Increases Stock Position in Century Aluminum Company $CENX

Northwestern Mutual Wealth Management Co. grew its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 12,662.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,101 shares of the industrial products company’s stock after acquiring an additional 101,301 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Century Aluminum were worth $4,110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Versor Investments LP purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $200,000. Trek Financial LLC purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $11,024,000. Kailix Advisors LLC purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $5,742,000. Truist Financial Corp purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $311,000. Finally, Sigma Planning Corp purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $1,249,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the sale, the chief executive officer owned 142,580 shares in the company, valued at approximately $7,908,912.60. This trade represents a 51.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matt Aboud sold 2,971 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.67, for a total transaction of $156,482.57. Following the sale, the senior vice president owned 64,843 shares in the company, valued at approximately $3,415,280.81. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 185,626 shares of company stock worth $10,271,891. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. B. Riley Financial increased their price objective on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Wells Fargo & Company increased their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, Century Aluminum currently has an average rating of “Buy” and a consensus target price of $80.00.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $65.05 on Monday. The firm’s 50 day moving average price is $59.42 and its 200-day moving average price is $47.61. Century Aluminum Company has a twelve month low of $15.13 and a twelve month high of $68.69. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $6.44 billion, a PE ratio of 19.42 and a beta of 1.91.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, hitting analysts’ consensus estimates of $1.25. Century Aluminum had a net margin of 13.75% and a return on equity of 13.59%. The company had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $661.63 million. During the same quarter last year, the business earned $0.49 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Equities research analysts expect that Century Aluminum Company will post 10.3 EPS for the current year.

Century Aluminum Company Profile

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.