Cibc World Market Inc. raised its position in GrafTech International Ltd. (NYSE:EAF – Get Rating) by 103.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,450 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Cibc World Market Inc.’s holdings in GrafTech International were worth $208,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 1,237,154 shares in the last quarter. 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. Royce & Associates LP increased its position in shares of GrafTech International by 16.1% in the second quarter. Royce & Associates LP now owns 3,012,832 shares of the company’s stock worth $21,301,000 after purchasing an additional 418,035 shares during the period. Mackenzie Financial Corp raised its stake in GrafTech International by 30.1% in the first quarter. Mackenzie Financial Corp now owns 2,993,271 shares of the company’s stock valued at $28,795,000 after purchasing an additional 692,996 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in GrafTech International by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,304,423 shares of the company’s stock valued at $22,170,000 after purchasing an additional 152,298 shares in the last quarter. Institutional investors own 87.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of GrafTech International from $7.00 to $4.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 8th. BMO Capital Markets upped their price objective on GrafTech International from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Monday. Citigroup decreased their target price on GrafTech International from $10.00 to $7.50 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group reduced their price target on shares of GrafTech International from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th.
GrafTech International Stock Down 0.4 %
GrafTech International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 29th. GrafTech International’s dividend payout ratio is currently 2.21%.
GrafTech International Company Profile
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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