Exchange Traded Concepts LLC boosted its holdings in Graham Co. (NYSE:GHM - Free Report) by 291.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,788 shares of the industrial products company's stock after buying an additional 22,176 shares during the period. Exchange Traded Concepts LLC owned 0.27% of Graham worth $1,325,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of GHM. SG Americas Securities LLC bought a new stake in Graham in the 3rd quarter valued at $112,000. BNP Paribas Financial Markets increased its holdings in shares of Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after purchasing an additional 1,374 shares during the last quarter. MetLife Investment Management LLC lifted its position 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 worth $178,000 after buying an additional 3,388 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Graham during the third quarter valued at approximately $251,000. Finally, Principal Financial Group Inc. purchased a new position in Graham during the 3rd quarter valued at approximately $266,000. Hedge funds and other institutional investors own 69.46% of the company's stock.
Graham Trading Up 2.0 %
Shares of GHM stock traded up $0.88 on Tuesday, reaching $44.57. The company's stock had a trading volume of 129,893 shares, compared to its average volume of 78,870. The stock's fifty day simple moving average is $44.09 and its 200-day simple moving average is $35.65. Graham Co. has a 1 year low of $18.90 and a 1 year high of $49.28. The company has a market capitalization of $485.37 million, a price-to-earnings ratio of 62.77 and a beta of 0.73.
Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million for the quarter, compared to analysts' expectations of $50.50 million. During the same period in the previous year, the firm posted $0.04 earnings per share. Equities research analysts forecast that Graham Co. will post 1.03 earnings per share for the current year.
About Graham
(
Free Report)
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.
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