River Road Asset Management LLC recently announced the acquisition of new stake in GrafTech International Ltd. (NYSE:EAF). The institutional investor has increased its shareholding in the Industrials company by 24.37% to 11.79 million shares with purchase of 2.31 million shares. This fresh investment now brings its stake to 4.41% valued currently at $71.56 million. In addition, Indus Capital Partners LLC raised its holdings by 0.65 million to 3.39 million shares. And BlackRock Fund Advisors has lifted its position by 11.94% or 0.28 million shares – to 2.59 million shares.
With over 1.05 million GrafTech International Ltd. (EAF) shares trading Tuesday and a closing price of $6.64 on the day, the dollar volume was approximately $6.97 million. The shares have shown a negative weekly performance of -2.64% and its price on 09/01/20 lost nearly -0.30%. Currently, there are 267.25M common shares owned by the public and among those 267.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for EAF have a consensus price objective of $9.30. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $7.50 should the stock experience a downside. Incidentally, analysts’ outlook for the GrafTech International Ltd. stock is 2.60 for the next 12 months. The average price target is 25.39% above its last price level and an upside to the estimated low will see the stock gain 11.47% over that period. But an upside of 48.92% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.
Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 34,728 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 164,335,020 shares.
The top 3 mutual fund holders in GrafTech International Ltd. are Managers AMG Yacktman Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Managers AMG Yacktman Fund owns 2.5 million shares of the company’s stock, all valued at over $15.18 million. Vanguard Total Stock Market Index sold 64000.0 shares to see its total holdings shrink to 1.86 million shares valued at over $11.27 million and representing 0.70% of the shares outstanding. Vanguard Small Cap Index Fund sold 9800.0 shares to bring its total holdings to over 1.66 million shares at a value of $10.1 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.62% of the shares outstanding.
Shares of GrafTech International Ltd. (NYSE: EAF) opened at $6.59, down -$0.07 from a prior closing price of $6.66. However, the script later closed the day at $6.64, down -0.30%. The company’s stock has a 5-day price change of -2.64% and -16.16% over the past three months. EAF shares are trading -42.86% year to date (YTD), with the 12-month market performance down to -44.67% lower. It has a 12-month low price of $5.56 and touched a high of $14.84 over the same period. Currently, 1.05 million shares have been traded, compared to an average intraday trading volume of 1.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.62%, -6.11%, and -25.53% respectively.
Institutional ownership of GrafTech International Ltd. (NYSE: EAF) 267.25M shares outstanding. Mutual fund holders own 14.98%, while other institutional holders and individual stakeholders account for 64.54% and 10.73% respectively.
It has a market capitalization of $1.74B. The stock’s trailing 12-month PE ratio is 3.29, while the earnings-per-share (ttm) stands at $2.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.39% over the week and 4.92% over the month.
Analysts forecast that GrafTech International Ltd. (EAF) will achieve an EPS of $0.35 for the current quarter, $0.35 for the next quarter and $1.83 for 2021. The lowest estimate earnings-per-share for the quarter is $0.31 while analysts give the company a high EPS estimate of $0.43. Comparatively, EPS for the current quarter was $0.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -10.20%, and 19.62% over the next financial year. EPS should shrink at an annualized rate of -3.80% over the next five years, compared to 33.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate GrafTech International Ltd. (EAF) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the EAF, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on February 13, 2020, with the firm’s price target at. BMO Capital Markets coverage for the GrafTech International Ltd. (EAF) stock in a research note released on December 17, 2019 offered a Market Perform rating with a price target of $14. Citigroup was of a view on July 25, 2019 that the stock is Neutral, while Citigroup gave the stock Sell rating on April 22, 2019, issuing a price target of. RBC Capital Mkts on their part issued Outperform rating on May 14, 2018.