Handelsbanken Fonder AB Takes Position in GrafTech International Ltd. (NYSE:EAF)

Handelsbanken Fonder AB bought a new stake in GrafTech International Ltd. (NYSE:EAF) in the first quarter, HoldingsChannel reports. The firm bought 17,500 shares of the company’s stock, valued at approximately $214,000.

A number of other large investors also recently made changes to their positions in EAF. FMR LLC purchased a new position in GrafTech International during the first quarter valued at $706,000. First Trust Advisors LP bought a new stake in shares of GrafTech International in the 1st quarter worth $2,881,000. Great West Life Assurance Co. Can increased its holdings in shares of GrafTech International by 76.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 17,120 shares of the company’s stock worth $117,000 after purchasing an additional 7,439 shares in the last quarter. Prairiewood Capital LLC bought a new stake in shares of GrafTech International in the 4th quarter worth $1,203,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of GrafTech International in the 4th quarter worth $374,000. Institutional investors and hedge funds own 94.43% of the company’s stock.

Shares of EAF opened at $13.72 on Friday. GrafTech International Ltd. has a one year low of $5.56 and a one year high of $13.89. The firm has a market capitalization of $3.67 billion, a P/E ratio of 7.80 and a beta of 1.02. The business has a fifty day moving average of $12.32 and a 200 day moving average of $10.65.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Wednesday, May 5th. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. GrafTech International had a negative return on equity of 80.09% and a net margin of 37.22%. The company had revenue of $304.40 million during the quarter, compared to analyst estimates of $292.22 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. GrafTech International’s revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that GrafTech International Ltd. will post 1.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, May 28th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date is Thursday, May 27th. GrafTech International’s dividend payout ratio is presently 1.55%.

A number of analysts have commented on the company. Royal Bank of Canada raised GrafTech International from a “sector perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Thursday. Citigroup raised GrafTech International from a “neutral” rating to a “buy” rating in a report on Monday, February 8th. Finally, Zacks Investment Research lowered GrafTech International from a “hold” rating to a “sell” rating in a report on Monday, March 15th.

GrafTech International Company Profile

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes to produce electric arc furnace steel and other 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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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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