Renaissance Technologies LLC Purchases 29,900 Shares of Graham Co. (NYSE:GHM)

Renaissance Technologies LLC lifted its stake in Graham Co. (NYSE:GHM - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,368 shares of the industrial products company's stock after buying an additional 29,900 shares during the quarter. Renaissance Technologies LLC owned about 3.45% of Graham worth $16,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GHM. XTX Topco Ltd lifted its holdings in Graham by 5.7% during the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock valued at $283,000 after purchasing an additional 513 shares in the last quarter. Legal & General Group Plc boosted its holdings in Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after buying an additional 536 shares during the period. Rhumbline Advisers increased its stake in Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock worth $462,000 after buying an additional 654 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Graham during the fourth quarter valued at about $31,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Graham by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after acquiring an additional 960 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Graham Stock Down 0.9 %

NYSE GHM traded down $0.29 on Friday, reaching $29.84. The company had a trading volume of 41,628 shares, compared to its average volume of 81,265. The stock has a market capitalization of $325.39 million, a PE ratio of 35.96 and a beta of 0.65. Graham Co. has a 12 month low of $24.78 and a 12 month high of $52.00. The firm's 50 day moving average price is $31.50 and its 200 day moving average price is $37.08.

Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, beating 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%. On average, research analysts expect that Graham Co. will post 1.07 EPS for the current 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.