Grantham, Mayo, Van Otterloo & Co 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 12.87% to 22.97 million shares with purchase of 2.62 million shares. This fresh investment now brings its stake to 8.95% valued currently at $56.74 million. In addition, Yacktman Asset Management LP raised its holdings by 85681.0 to 9.34 million shares. And FIAM LLC has lifted its position by 14.81% or 0.82 million shares – to 6.35 million shares.
With over 9.51 million GrafTech International Ltd. (EAF) shares trading Tuesday and a closing price of $2.07 on the day, the dollar volume was approximately $19.68 million. The shares have shown a negative half year performance of -59.41% and its price on 01/02/24 lost nearly -5.48%. Currently, there are 256.60M common shares owned by the public and among those 228.56M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for EAF have a consensus price objective of $3.33. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.00. The average price target is 37.84% above its recent price level and an upside to the estimated low will see the stock gain 31.0% over that period. But an upside of 48.25% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 78,458 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 10,141 shares.
The top 3 mutual fund holders in GrafTech International Ltd. are Fidelity Low Priced Stock Fund, Government Pension Fund – Global, and GMO Climate Change Fund. Fidelity Low Priced Stock Fund owns 18.31 million shares of the company’s stock, all valued at over $45.22 million. Government Pension Fund – Global sold 513.0 shares to see its total holdings shrink to 8.29 million shares valued at over $20.48 million and representing 3.23% of the shares outstanding. GMO Climate Change Fund bought 0.54 million shares to bring its total holdings to over 6.33 million shares at a value of $15.64 million. GMO Climate Change Fund now owns shares totaling to 2.47% of the shares outstanding.
Shares of GrafTech International Ltd. (NYSE: EAF) opened at $2.16, down -$0.03 from a prior closing price of $2.19. However, the script later moved the day high at 2.2400, down -5.48%. The company’s stock has a 5-day price change of -1.43% and -45.09% over the past three months. EAF shares are trading -5.48% year to date (YTD), with the 12-month market performance down to -55.77% lower. It has a 12-month low price of $1.98 and touched a high of $6.74 over the same period. EAF has an average intraday trading volume of 2.76 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 -12.92%, -21.58%, and -47.24% respectively.
Institutional ownership of GrafTech International Ltd. (NYSE: EAF) shares accounts for 69.79% of the company’s 256.60M shares outstanding. Mutual fund holders own 23.52%, while other institutional holders and individual stakeholders account for 47.55% and 11.02% respectively.
It has a market capitalization of $531.60M and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 42.51, while the earnings-per-share (ttm) stands at $0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.22% over the week and 7.13% over the month.
Analysts forecast that GrafTech International Ltd. (EAF) will achieve an EPS of $e.l.f. Beauty, Inc. for the current quarter, $139.66 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $iShares MSCI EAFE ETF while analysts give the company a high EPS estimate of $Electronic Arts Inc.. Comparatively, EPS for the current quarter was $GrafTech International Ltd. a year ago. Earnings per share for the fiscal year are expected to decrease by -115.78%, and 57.39% over the next financial year. EPS should shrink at an annualized rate of -5.87% over the next five years, compared to 123.73% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate GrafTech International Ltd. (EAF) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 4 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 July 13, 2022, with the firm’s price target at $10-$7.
