Thomson Horstmann & Bryant Inc. raised its position in Graham Co. (NYSE:GHM) by 19.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 534,132 shares of the industrial products company’s stock after buying an additional 87,949 shares during the period. Graham accounts for approximately 1.5% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 10th largest position. Thomson Horstmann & Bryant Inc. owned 5.49% of Graham worth $12,285,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. AMI Investment Management Inc. acquired a new position in shares of Graham during the third quarter worth approximately $1,124,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Graham during the fourth quarter worth approximately $166,000. Wells Fargo & Company MN boosted its position in shares of Graham by 2.0% in the third quarter. Wells Fargo & Company MN now owns 7,794 shares of the industrial products company’s stock worth $149,000 after buying an additional 153 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Graham during the fourth quarter worth approximately $224,000. Finally, American Capital Management Inc. acquired a new position in shares of Graham during the third quarter worth approximately $204,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Shares of Graham Co. (NYSE:GHM) traded up 2.76% on Thursday, reaching $22.31. 24,086 shares of the company’s stock were exchanged. The company has a market cap of $217.05 million, a price-to-earnings ratio of 59.18 and a beta of 1.09. Graham Co. has a 12 month low of $17.11 and a 12 month high of $25.00. The firm’s 50-day moving average price is $22.52 and its 200 day moving average price is $21.66.
Graham (NYSE:GHM) last posted its quarterly earnings results on Wednesday, February 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.12. The business had revenue of $22.70 million for the quarter, compared to analyst estimates of $21.38 million. Graham had a net margin of 4.23% and a return on equity of 3.81%. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities research analysts predict that Graham Co. will post $0.36 EPS for the current fiscal year.
Separately, Sidoti upgraded shares of Graham from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, January 3rd.
In related news, Director Gerard T. Mazurkiewicz sold 1,750 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $22.40, for a total transaction of $39,200.00. Following the sale, the director now owns 12,031 shares in the company, valued at approximately $269,494.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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