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New York State Teachers Retirement System Invests $91,000 in GrafTech International Ltd. (NYSE:EAF)

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New York State Teachers Retirement System acquired a new position in GrafTech International Ltd. (NYSE:EAFGet Rating) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 9,500 shares of the company’s stock, valued at approximately $91,000.

Other institutional investors have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of GrafTech International in the fourth quarter worth about $26,000. Gladius Capital Management LP purchased a new position in GrafTech International during the fourth quarter valued at approximately $80,000. Ensign Peak Advisors Inc purchased a new position in GrafTech International during the fourth quarter valued at approximately $103,000. CIBC Asset Management Inc raised its position in GrafTech International by 11.0% during the fourth quarter. CIBC Asset Management Inc now owns 12,425 shares of the company’s stock valued at $147,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in GrafTech International during the fourth quarter valued at approximately $156,000. 93.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EAF. Citigroup cut GrafTech International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $10.00 in a research report on Tuesday, June 7th. Royal Bank of Canada cut GrafTech International from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Wednesday, July 13th.

GrafTech International Stock Up 1.4 %

GrafTech International stock opened at $7.38 on Thursday. The stock has a market capitalization of $1.92 billion, a PE ratio of 4.70 and a beta of 1.04. GrafTech International Ltd. has a 12 month low of $6.06 and a 12 month high of $13.38. The business has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $9.29. The company has a debt-to-equity ratio of 7.18, a current ratio of 2.63 and a quick ratio of 1.44.

GrafTech International (NYSE:EAFGet Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $366.30 million during the quarter, compared to analysts’ expectations of $378.00 million. GrafTech International had a negative return on equity of 557.82% and a net margin of 29.39%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. On average, analysts anticipate that GrafTech International Ltd. will post 1.66 EPS for the current fiscal year.

GrafTech International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, May 27th. GrafTech International’s dividend payout ratio (DPR) is presently 2.55%.

GrafTech International Company Profile

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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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