State Board of Administration of Florida Retirement System Purchases 13,070 Shares of GrafTech International Ltd. (NYSE:EAF)

State Board of Administration of Florida Retirement System raised its position in GrafTech International Ltd. (NYSE:EAF – Get Rating) by 87.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,100 shares of the company’s stock after buying an additional 13,070 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in GrafTech International were worth $134,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in GrafTech International by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 23,925,413 shares of the company’s stock worth $230,163,000 after buying an additional 1,237,154 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of GrafTech International by 27.7% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,608,361 shares of the company’s stock valued at $45,722,000 after acquiring an additional 2,297,970 shares during the period. Yacktman Asset Management LP lifted its position in shares of GrafTech International by 3.4% during the 4th quarter. Yacktman Asset Management LP now owns 8,095,805 shares of the company’s stock valued at $38,536,000 after acquiring an additional 264,807 shares during the period. State Street Corp lifted its position in shares of GrafTech International by 2.2% during the 1st quarter. State Street Corp now owns 3,952,107 shares of the company’s stock valued at $38,019,000 after acquiring an additional 86,085 shares during the period. Finally, Millennium Management LLC increased its stake in GrafTech International by 61.9% during the 2nd quarter. Millennium Management LLC now owns 3,222,718 shares of the company’s stock valued at $22,785,000 after purchasing an additional 1,231,952 shares in the last quarter. 88.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EAF shares. JPMorgan Chase & Co. started coverage on shares of GrafTech International in a research note on Tuesday. They issued a “neutral” rating for the company. Citigroup cut their price target on shares of GrafTech International from $6.00 to $5.00 in a report on Sunday, April 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.00.

GrafTech International Stock Up 1.3 %

EAF stock opened at $4.63 on Wednesday. The company has a current ratio of 3.84, a quick ratio of 1.47 and a debt-to-equity ratio of 2.81. The company’s 50 day moving average is $4.59 and its 200 day moving average is $5.06. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 4.77 and a beta of 1.36. GrafTech International Ltd. has a 1-year low of $3.75 and a 1-year high of $9.27.

GrafTech International (NYSE:EAF – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). GrafTech International had a net margin of 23.86% and a return on equity of 87.51%. The business had revenue of $138.80 million for the quarter, compared to the consensus estimate of $123.00 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was down 62.1% on a year-over-year basis.

GrafTech International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 30th. GrafTech International’s payout ratio is 4.12%.

GrafTech International Company 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.