John G Ullman & Associates Inc. increased its holdings in GrafTech International Ltd (NYSE:EAF) by 56.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,832 shares of the company’s stock after buying an additional 74,121 shares during the period. John G Ullman & Associates Inc. owned about 0.07% of GrafTech International worth $2,356,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Ashburton Jersey Ltd purchased a new position in GrafTech International in the 2nd quarter valued at about $31,000. Advisory Services Network LLC purchased a new position in GrafTech International in the 1st quarter valued at about $37,000. Advisor Group Inc. lifted its holdings in GrafTech International by 74.8% in the 2nd quarter. Advisor Group Inc. now owns 4,768 shares of the company’s stock valued at $55,000 after purchasing an additional 2,041 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in GrafTech International in the 1st quarter valued at about $57,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in GrafTech International by 133.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,978 shares of the company’s stock valued at $69,000 after purchasing an additional 3,417 shares in the last quarter.
Shares of NYSE EAF traded up $0.50 on Friday, reaching $11.39. 760,200 shares of the company traded hands, compared to its average volume of 1,428,893. GrafTech International Ltd has a fifty-two week low of $9.60 and a fifty-two week high of $20.31. The company has a 50 day moving average of $11.16 and a 200 day moving average of $12.12. The stock has a market capitalization of $3.31 billion, a PE ratio of 3.97 and a beta of 1.82.
GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). GrafTech International had a net margin of 42.35% and a negative return on equity of 88.91%. The company had revenue of $480.39 million for the quarter, compared to analyst estimates of $511.07 million. During the same period in the prior year, the company earned $0.67 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, analysts anticipate that GrafTech International Ltd will post 2.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 29th. GrafTech International’s dividend payout ratio is currently 11.85%.
A number of research analysts have issued reports on EAF shares. Citigroup upgraded shares of GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 target price on the stock in a report on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of GrafTech International from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.50.
GrafTech International Profile
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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