Congress Wealth Management LLC DE Acquires Shares of 337,869 GrafTech International Ltd. (NYSE:EAF)

Congress Wealth Management LLC DE acquired a new stake in shares of GrafTech International Ltd. (NYSE:EAFGet Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 337,869 shares of the company’s stock, valued at approximately $3,997,000. Congress Wealth Management LLC DE owned about 0.13% of GrafTech International as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in GrafTech International by 2.1% during the third quarter. Janus Henderson Group PLC now owns 11,342,070 shares of the company’s stock valued at $117,050,000 after purchasing an additional 229,556 shares during the last quarter. Meritage Portfolio Management purchased a new stake in shares of GrafTech International in the fourth quarter worth about $351,000. Grantham Mayo Van Otterloo & Co. LLC raised its stake in GrafTech International by 13.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,869,425 shares of the company’s stock valued at $60,572,000 after purchasing an additional 674,434 shares in the last quarter. Bank of New York Mellon Corp raised its stake in GrafTech International by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 6,793,224 shares of the company’s stock valued at $70,107,000 after purchasing an additional 116,640 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in GrafTech International in the third quarter valued at approximately $104,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of GrafTech International stock traded up $0.06 on Friday, hitting $9.75. The stock had a trading volume of 1,088,755 shares, compared to its average volume of 1,758,567. The company has a quick ratio of 1.44, a current ratio of 2.68 and a debt-to-equity ratio of 44.65. GrafTech International Ltd. has a one year low of $9.11 and a one year high of $14.16. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 6.63 and a beta of 1.02. The stock’s 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $10.90.

GrafTech International (NYSE:EAFGet Rating) last released its quarterly earnings results on Friday, February 4th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.09. The business had revenue of $363.29 million for the quarter, compared to analysts’ expectations of $383.78 million. GrafTech International had a net margin of 28.85% and a negative return on equity of 372.52%. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, equities analysts predict that GrafTech International Ltd. will post 1.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, February 25th. GrafTech International’s dividend payout ratio (DPR) is currently 2.72%.

Separately, Zacks Investment Research downgraded shares of GrafTech International from a “buy” rating to a “sell” rating in a research note on Friday.

About GrafTech International (Get Rating)

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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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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