Jones Financial Companies Lllp Purchases New Stake in Graham Co. (NYSE:GHM)

Jones Financial Companies Lllp purchased a new stake in Graham Co. (NYSE:GHM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,004 shares of the industrial products company’s stock, valued at approximately $45,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 1,374 shares in the last quarter. MetLife Investment Management LLC increased its stake in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 3,388 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in Graham during the fourth quarter valued at $203,000. SG Americas Securities LLC increased its stake in Graham by 31.2% during the fourth quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Graham during the third quarter valued at $251,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Graham from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Graham Price Performance

GHM stock opened at $31.29 on Wednesday. Graham Co. has a 1-year low of $24.21 and a 1-year high of $52.00. The firm has a fifty day moving average price of $38.82 and a two-hundred day moving average price of $37.10. The firm has a market cap of $341.10 million, a price-to-earnings ratio of 37.69 and a beta of 0.73.

Graham (NYSE:GHM) last released its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. As a group, analysts expect that Graham Co. will post 1.07 EPS for the current fiscal year.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.