Sanctuary Advisors LLC Purchases New Stake in Graham Co. (NYSE:GHM)

Sanctuary Advisors LLC purchased a new stake in Graham Co. (NYSE:GHM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,385 shares of the industrial products company's stock, valued at approximately $635,000. Sanctuary Advisors LLC owned 0.21% of Graham at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in Graham in the second quarter valued at approximately $31,000. nVerses Capital LLC purchased a new stake in shares of Graham during the 2nd quarter valued at $37,000. Lazard Asset Management LLC increased its holdings in shares of Graham by 8,163.5% during the 1st quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company's stock worth $117,000 after buying an additional 4,245 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Graham in the 2nd quarter worth $255,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Graham by 85.5% in the second quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company's stock valued at $294,000 after acquiring an additional 4,811 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

Graham Stock Performance

Graham stock traded down $0.01 during trading on Tuesday, reaching $31.02. 33,067 shares of the company's stock were exchanged, compared to its average volume of 73,153. The company's 50-day moving average is $29.68 and its two-hundred day moving average is $29.35. Graham Co. has a 52-week low of $15.01 and a 52-week high of $34.72. The firm has a market cap of $337.22 million, a price-to-earnings ratio of 72.12 and a beta of 0.56.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.15. The business had revenue of $49.95 million during the quarter, compared to analyst estimates of $50.00 million. Graham had a return on equity of 5.26% and a net margin of 2.60%. During the same quarter last year, the firm earned $0.25 earnings per share. Analysts anticipate that Graham Co. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded Graham from a "hold" rating to a "buy" rating in a report on Thursday, September 5th. Noble Financial initiated coverage on shares of Graham in a report on Monday, June 24th. They issued an "outperform" rating and a $35.00 price target on the stock.

Graham 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.