Keeley Teton Advisors LLC Cuts Stake in GrafTech International Ltd. (NYSE:EAF)

Keeley Teton Advisors LLC reduced its stake in GrafTech International Ltd. (NYSE:EAFGet Rating) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 772,656 shares of the company’s stock after selling 19,788 shares during the period. GrafTech International makes up 0.8% of Keeley Teton Advisors LLC’s portfolio, making the stock its 23rd biggest position. Keeley Teton Advisors LLC owned approximately 0.30% of GrafTech International worth $7,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Virtu Financial LLC purchased a new position in GrafTech International in the first quarter worth about $113,000. Advisors Asset Management Inc. boosted its position in GrafTech International by 58.7% in the first quarter. Advisors Asset Management Inc. now owns 32,182 shares of the company’s stock worth $310,000 after purchasing an additional 11,900 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in GrafTech International in the first quarter worth about $60,000. Quantbot Technologies LP bought a new position in shares of GrafTech International in the first quarter worth about $29,000. Finally, Royal Bank of Canada raised its stake in shares of GrafTech International by 8.1% in the first quarter. Royal Bank of Canada now owns 542,671 shares of the company’s stock worth $5,221,000 after buying an additional 40,664 shares during the period. 87.04% of the stock is owned by hedge funds and other institutional investors.

GrafTech International Stock Performance

NYSE:EAF opened at $5.83 on Wednesday. The company has a debt-to-equity ratio of 4.77, a current ratio of 2.73 and a quick ratio of 1.29. GrafTech International Ltd. has a 1 year low of $5.52 and a 1 year high of $13.38. The stock’s 50 day simple moving average is $6.75 and its two-hundred day simple moving average is $8.21. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 3.07 and a beta of 1.11.

GrafTech International (NYSE:EAFGet Rating) last released its quarterly earnings data on Friday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. GrafTech International had a return on equity of 807.51% and a net margin of 34.75%. The business had revenue of $363.60 million for the quarter, compared to the consensus estimate of $370.67 million. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that GrafTech International Ltd. will post 1.68 earnings per share for the current fiscal year.

GrafTech International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 30th. GrafTech International’s dividend payout ratio (DPR) is 2.11%.

Analyst Ratings Changes

Several research analysts have recently commented on EAF shares. Credit Suisse Group decreased their price objective on GrafTech International from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Royal Bank of Canada downgraded GrafTech International from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $10.00 to $7.00 in a research note on Wednesday, July 13th. Finally, Citigroup decreased their target price on GrafTech International from $10.00 to $7.50 in a research note on Tuesday, August 9th.

About GrafTech International

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GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions 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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