GrafTech International Ltd. (NYSE:EAF) Stake Raised by Toroso Investments LLC

Toroso Investments LLC increased its holdings in GrafTech International Ltd. (NYSE:EAF – Get Rating) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,129 shares of the company’s stock after acquiring an additional 49,152 shares during the period. Toroso Investments LLC’s holdings in GrafTech International were worth $979,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EAF. Yacktman Asset Management LP lifted its stake in GrafTech International by 51.5% in the 3rd quarter. Yacktman Asset Management LP now owns 7,830,998 shares of the company’s stock worth $33,752,000 after acquiring an additional 2,660,762 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in GrafTech International by 27.7% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,608,361 shares of the company’s stock worth $45,722,000 after acquiring an additional 2,297,970 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of GrafTech International by 252.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,010,566 shares of the company’s stock worth $12,976,000 after purchasing an additional 2,155,707 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of GrafTech International by 540.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,937,900 shares of the company’s stock worth $8,352,000 after purchasing an additional 1,635,500 shares in the last quarter. Finally, FMR LLC raised its stake in shares of GrafTech International by 7.5% during the 2nd quarter. FMR LLC now owns 22,548,348 shares of the company’s stock worth $159,418,000 after purchasing an additional 1,567,468 shares in the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EAF has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on GrafTech International from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Monday, November 21st. Citigroup raised their price target on GrafTech International from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th.

GrafTech International Stock Performance

Shares of NYSE EAF opened at $4.51 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.55 and a current ratio of 3.43. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 3.07 and a beta of 1.38. The business’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $5.18. GrafTech International Ltd. has a 52 week low of $4.07 and a 52 week high of $10.63.

GrafTech International (NYSE:EAF – Get Rating) last released its earnings results on Friday, February 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $247.50 million during the quarter, compared to analyst estimates of $221.00 million. GrafTech International had a net margin of 29.89% and a return on equity of 161.67%. The firm’s quarterly revenue was down 31.9% on a year-over-year basis.

GrafTech International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, February 27th. GrafTech International’s payout ratio is presently 2.72%.

GrafTech International Profile

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GrafTech International Ltd. engages in the manufacture of graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The firm also produces a needle coke product which is a raw material in producing graphite electrodes. Its customers include steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa, the Americas and Asia-Pacific, which sell its products into the automotive, construction, appliance, machinery, equipment, and transportation industries.