W.E. Donoghue & Co. LLC Invests $657,000 in GrafTech International Ltd (NYSE:EAF)

W.E. Donoghue & Co. LLC bought a new position in shares of GrafTech International Ltd (NYSE:EAF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,158 shares of the company’s stock, valued at approximately $657,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Amalgamated Bank boosted its stake 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 buying an additional 738 shares during the period. Quantamental Technologies LLC boosted its stake 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 buying an additional 2,110 shares during the period. Advisory Services Network LLC acquired a new stake in shares of GrafTech International during the first quarter worth about $37,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of GrafTech International by 12.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 32,420 shares of the company’s stock worth $415,000 after buying an additional 3,534 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of GrafTech International during the fourth quarter worth about $40,000.

Several equities research analysts have recently weighed in on EAF shares. Citigroup upgraded shares of GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 target price for the company in a research note on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of GrafTech International from a “hold” rating to a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. GrafTech International presently has an average rating of “Hold” and an average price target of $20.50.

NYSE EAF traded down $0.02 during trading hours on Friday, hitting $10.98. 1,680,321 shares of the stock were exchanged, compared to its average volume of 954,476. The company has a market cap of $3.19 billion, a P/E ratio of 3.83 and a beta of 1.82. GrafTech International Ltd has a 12-month low of $9.60 and a 12-month high of $24.36. The stock has a 50-day moving average of $11.22.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $480.39 million for the quarter, compared to analysts’ expectations of $511.07 million. GrafTech International had a negative return on equity of 82.47% and a net margin of 42.35%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts forecast that GrafTech International Ltd will post 2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $0.085 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.34 annualized dividend and a yield of 3.10%. GrafTech International’s dividend payout ratio is currently 11.85%.

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

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