GrafTech International Target of Unusually High Options Trading (NYSE:EAF)

GrafTech International Ltd (NYSE:EAF) was the target of unusually large options trading activity on Monday. Investors acquired 1,046 call options on the stock. This represents an increase of 1,025% compared to the typical daily volume of 93 call options.

EAF opened at $11.80 on Wednesday. The firm has a 50 day moving average price of $11.17 and a 200 day moving average price of $12.10. The company has a market cap of $3.31 billion, a PE ratio of 4.11 and a beta of 1.82. GrafTech International has a 1 year low of $9.60 and a 1 year high of $20.31.

GrafTech International (NYSE:EAF) last posted its earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The business had revenue of $480.39 million for the quarter, compared to analyst estimates of $511.07 million. GrafTech International had a negative return on equity of 88.91% and a net margin of 42.35%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. On average, analysts expect that GrafTech International will post 2.67 EPS for the current year.



The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, August 29th. GrafTech International’s dividend payout ratio (DPR) is presently 11.85%.

EAF has been the subject of a number of research analyst reports. Citigroup raised shares of GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 target price for the company in a research report on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of GrafTech International from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP acquired a new stake in GrafTech International in the fourth quarter valued at approximately $326,000. Meeder Asset Management Inc. grew its position in GrafTech International by 1,111.6% in the first quarter. Meeder Asset Management Inc. now owns 6,603 shares of the company’s stock valued at $85,000 after acquiring an additional 6,058 shares in the last quarter. Investec Asset Management LTD grew its position in GrafTech International by 22.8% in the first quarter. Investec Asset Management LTD now owns 392,065 shares of the company’s stock valued at $5,015,000 after acquiring an additional 72,863 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in GrafTech International in the fourth quarter valued at approximately $4,915,000. Finally, Northern Trust Corp grew its position in GrafTech International by 3.3% in the fourth quarter. Northern Trust Corp now owns 376,110 shares of the company’s stock valued at $4,302,000 after acquiring an additional 11,922 shares in the last quarter.

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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