Raymond James & Associates Acquires 32,976 Shares of GrafTech International Ltd (NYSE:EAF)

Raymond James & Associates raised its holdings in GrafTech International Ltd (NYSE:EAF) by 27.2% during the first quarter, Holdings Channel reports. The fund owned 154,106 shares of the company’s stock after purchasing an additional 32,976 shares during the period. Raymond James & Associates’ holdings in GrafTech International were worth $1,971,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Enlightenment Research LLC bought a new position in GrafTech International in the fourth quarter valued at approximately $26,000. Great West Life Assurance Co. Can bought a new position in shares of GrafTech International during the fourth quarter worth $40,000. Meeder Asset Management Inc. boosted its position in shares of GrafTech International by 1,111.6% during the first quarter. Meeder Asset Management Inc. now owns 6,603 shares of the company’s stock worth $85,000 after purchasing an additional 6,058 shares in the last quarter. Quantamental Technologies LLC boosted its position in shares of GrafTech International by 46.9% during the first quarter. Quantamental Technologies LLC now owns 6,610 shares of the company’s stock worth $85,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of GrafTech International by 7.0% during the fourth quarter. Amalgamated Bank now owns 11,268 shares of the company’s stock worth $129,000 after purchasing an additional 738 shares in the last quarter.

Shares of NYSE:EAF opened at $10.48 on Thursday. GrafTech International Ltd has a 12 month low of $9.60 and a 12 month high of $24.36. The firm has a market cap of $3.05 billion, a P/E ratio of 3.65 and a beta of 1.69.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. GrafTech International had a net margin of 43.15% and a negative return on equity of 83.18%. The business had revenue of $474.99 million for the quarter, compared to analyst estimates of $472.36 million. During the same period last year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that GrafTech International Ltd will post 2.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.24%. GrafTech International’s payout ratio is 11.85%.

A number of brokerages have recently weighed in on EAF. Zacks Investment Research cut shares of GrafTech International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 13th. Citigroup reduced their price target on shares of GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. GrafTech International has an average rating of “Hold” and an average target price of $22.59.

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GrafTech International Company 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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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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