Grantham, Mayo, Van Otterloo & Co has recently announced that it has increased stake in GrafTech International Ltd. (NYSE:EAF) by 12.87%. After grabbing 22.97 million shares, the institutional investor is now in possession of 2.62 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.95% having worth around $56.74 million. Moreover, Yacktman Asset Management LP increased its share by 85681.0 to have a control over 9.34 million shares. And FIAM LLC raised its holdings to 0.82 million shares by acquiring 6.35 million shares or 2.47% of the stake.
GrafTech International Ltd. (EAF) concluded trading on 12/27/23 at a closing price of $2.11, with 4.08 million shares of worth about $8.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.11% during that period and on Wednesday the price saw a gain of about 0.48%. Currently the company’s common shares owned by public are about 256.60M shares, out of which, 227.47M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the EAF stock and their offered price forecasts bring an average price target of $3.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $3.00. The stock’s current price level is 36.64% above of average price target set by the analysts, while a rise to estimated low would result in gain of 29.67% for the stock. However, touching the estimated high of $4.00 would mean a gain of 47.25% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 78,458 shares in 6 of the transactions. In 3 selling transactions, insiders dumped 10,141 shares.
Fidelity Low Priced Stock Fund, Government Pension Fund – Global, and GMO Climate Change Fund are the top 3 mutual funds which are holding stakes in GrafTech International Ltd. Fidelity Low Priced Stock Fund is currently holding 18.31 million shares of worth totaling $45.22 million. The company recently came buying 0.0 shares which brought its stake up to 7.13% of the company’s outstanding shares. Government Pension Fund – Global sold 513.0 shares, after which its hold over company’s outstanding shares shrunk to 3.23%, leaving 8.29 million shares with the mutual fund that have a worth of about $20.48 million. GMO Climate Change Fund, after buying 6.33 million shares, have now control over 2.47% of the stake in the company. It holds 0.54 million shares of worth $15.64 million.
However, the stock later moved at a day high price of 2.1675, or with a gain of 0.48%. Stock saw a price change of -4.95% in past 5 days and over the past one month there was a price change of -14.57%. Year-to-date (YTD), EAF shares are showing a performance of -55.67% which decreased to -55.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.98 but also hit the highest price of $6.74 during that period. The average intraday trading volume for GrafTech International Ltd. shares is 2.56 million. The stock is currently trading -12.74% below its 20-day simple moving average (SMA20), while that difference is down -22.39% for SMA50 and it goes to -46.80% lower than SMA200.
Grantham, Mayo, Van Otterloo & Co acquired 22.97 million shares of GrafTech International Ltd. having value of about $56.74 million. Data submitted at the U.S SEC by Grantham, Mayo, Van Otterloo & Co revealed that the firm now holds 2.62 million shares in the company valued at close to $5524986.47, or have control over 12.87% stake in the company. GrafTech International Ltd. (NYSE: EAF) currently have 256.60M outstanding shares and institutions hold larger chunk of about 69.79% of that. Holding of mutual funds in the company is about 23.70% while other institutional holders and individual stake holders have control over 47.38% and 11.45% of the stake respectively.
The stock has a current market capitalization of $541.87M and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 43.33, while it has posted earnings per share of $0.05 in the same period. It has Quick Ratio of 1.98 while making debt-to-equity ratio of 3.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EAF, volatility over the week remained 5.89% while standing at 6.64% over the month.
Analysts are in expectations that GrafTech International Ltd. (EAF) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -115.78% while it is estimated to increase by 57.39% in next year. EPS is likely to shrink at an annualized rate of -5.87% for next 5-years, compared to annual growth of 123.73% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the GrafTech International Ltd. (EAF)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 4 Wall Street analysts, 0 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on July 13, 2022 offering a Sector perform rating for the stock and assigned a target price range of between $10 and $7 to it.
