GrafTech International Ltd (NYSE:EAF) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its holdings in shares of GrafTech International Ltd (NYSE:EAF) by 53.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,324 shares of the company’s stock after selling 19,585 shares during the quarter. Brookstone Capital Management’s holdings in GrafTech International were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EAF. Robeco Institutional Asset Management B.V. lifted its position in shares of GrafTech International by 8.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 14,293 shares of the company’s stock valued at $183,000 after acquiring an additional 1,117 shares in the last quarter. Exane Derivatives lifted its position in shares of GrafTech International by 1,255.2% in the third quarter. Exane Derivatives now owns 6,383 shares of the company’s stock valued at $82,000 after acquiring an additional 5,912 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of GrafTech International in the third quarter valued at approximately $26,000. Macquarie Group Ltd. lifted its position in shares of GrafTech International by 23.6% in the second quarter. Macquarie Group Ltd. now owns 168,134 shares of the company’s stock valued at $1,934,000 after acquiring an additional 32,105 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of GrafTech International in the second quarter valued at approximately $78,000.

NYSE:EAF opened at $11.93 on Wednesday. GrafTech International Ltd has a one year low of $9.60 and a one year high of $19.40. The stock has a market cap of $3.35 billion, a PE ratio of 4.16 and a beta of 1.74. The stock has a 50 day moving average price of $12.49 and a 200 day moving average price of $11.76.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). GrafTech International had a net margin of 42.35% and a negative return on equity of 88.91%. The company had revenue of $480.39 million during the quarter, compared to analyst estimates of $511.07 million. During the same period in the prior year, the business posted $0.67 EPS. GrafTech International’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that GrafTech International Ltd will post 2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.085 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.85%. GrafTech International’s dividend payout ratio is presently 11.85%.

EAF has been the subject of several recent research reports. Citigroup raised GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 price target for the company in a report on Thursday, July 25th. They noted that the move was a valuation call. ValuEngine raised GrafTech International from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised GrafTech International from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.50.

GrafTech International Company Profile

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, 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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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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