GrafTech International Ltd. (NYSE:EAF) Holdings Lifted by MetLife Investment Management LLC

MetLife Investment Management LLC increased its holdings in shares of GrafTech International Ltd. (NYSE:EAF – Get Rating) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,371 shares of the company’s stock after buying an additional 7,856 shares during the quarter. MetLife Investment Management LLC’s holdings in GrafTech International were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of GrafTech International during the first quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new position in GrafTech International in the first quarter valued at about $60,000. CWM LLC purchased a new position in GrafTech International in the third quarter valued at about $28,000. Tyler Stone Wealth Management grew its stake in GrafTech International by 56.4% in the second quarter. Tyler Stone Wealth Management now owns 6,900 shares of the company’s stock valued at $49,000 after purchasing an additional 2,488 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in GrafTech International by 855.9% in the first quarter. PNC Financial Services Group Inc. now owns 8,116 shares of the company’s stock valued at $79,000 after purchasing an additional 7,267 shares in the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

GrafTech International Price Performance

NYSE EAF opened at $5.74 on Friday. GrafTech International Ltd. has a twelve month low of $4.07 and a twelve month high of $10.63. 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 stock has a market capitalization of $1.47 billion, a PE ratio of 3.90 and a beta of 1.38. The stock has a 50-day simple moving average of $5.53 and a 200 day simple moving average of $5.30.

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

GrafTech International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, February 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.70%. GrafTech International’s dividend payout ratio is presently 2.72%.

Analysts Set New Price Targets

EAF has been the topic of a number of recent research reports. Citigroup boosted their target price on GrafTech International from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. BMO Capital Markets boosted their target price on GrafTech International from $5.00 to $6.00 and gave the company a “market perform” rating in a research note on Monday, November 21st. Finally, Royal Bank of Canada reduced their price target on GrafTech International from $7.00 to $4.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 8th.

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 needle coke products which is a raw material to 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.