Raymond James Financial Inc. Makes New Investment in Graham Co. (NYSE:GHM)

Raymond James Financial Inc. purchased a new position in shares of Graham Co. (NYSE:GHM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,304 shares of the industrial products company's stock, valued at approximately $814,000. Raymond James Financial Inc. owned approximately 0.17% of Graham as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GHM. Charles Schwab Investment Management Inc. boosted its stake in Graham by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company's stock worth $866,000 after acquiring an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after buying an additional 1,374 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock valued at $178,000 after buying an additional 3,388 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Graham during the third quarter valued at about $287,000. Finally, State Street Corp increased its position in shares of Graham by 22.6% during the third quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock worth $4,693,000 after acquiring an additional 29,277 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

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Graham Trading Up 0.3 %

Graham stock traded up $0.10 during trading on Thursday, hitting $29.56. 115,786 shares of the company were exchanged, compared to its average volume of 81,321. The business's 50 day moving average is $33.13 and its 200 day moving average is $37.01. Graham Co. has a 52 week low of $24.78 and a 52 week high of $52.00. The company has a market capitalization of $322.30 million, a P/E ratio of 35.62 and a beta of 0.65.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Graham Co. will post 1.07 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

About Graham

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.