Brandes Investment Partners LP Has $49.09 Million Stake in Graham Co. (NYSE:GHM)

Brandes Investment Partners LP decreased its position in Graham Co. (NYSE:GHM - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,103,835 shares of the industrial products company's stock after selling 29,621 shares during the quarter. Brandes Investment Partners LP owned about 10.14% of Graham worth $49,088,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. XTX Topco Ltd boosted its position in Graham by 5.7% during the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock worth $283,000 after purchasing an additional 513 shares during the period. Rhumbline Advisers boosted its position in Graham by 6.7% during the fourth quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock worth $462,000 after purchasing an additional 654 shares during the period. Principal Financial Group Inc. boosted its position in Graham by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after purchasing an additional 960 shares during the period. Jones Financial Companies Lllp bought a new stake in Graham during the fourth quarter worth approximately $45,000. Finally, Charles Schwab Investment Management Inc. boosted its position 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 purchasing an additional 1,065 shares during the period. Institutional investors own 69.46% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

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

Graham Stock Up 3.0 %

Shares of GHM stock traded up $0.94 during trading hours on Wednesday, reaching $32.27. 55,122 shares of the company's stock were exchanged, compared to its average volume of 84,162. Graham Co. has a fifty-two week low of $24.21 and a fifty-two week high of $52.00. The stock has a market capitalization of $351.80 million, a P/E ratio of 38.87 and a beta of 0.73. The business has a fifty day moving average price of $38.82 and a 200-day moving average price of $37.10.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. As a group, research analysts expect that Graham Co. will post 1.07 EPS for the current fiscal year.

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.