Los Angeles Capital Management LLC Purchases New Holdings in Graham Co. (NYSE:GHM)

Los Angeles Capital Management LLC acquired a new position in shares of Graham Co. (NYSE:GHM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 8,491 shares of the industrial products company’s stock, valued at approximately $251,000.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Graham during the second quarter worth $31,000. nVerses Capital LLC acquired a new stake in Graham in the second quarter worth about $37,000. SG Americas Securities LLC bought a new stake in Graham during the 3rd quarter worth about $112,000. Lazard Asset Management LLC lifted its position in 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 valued at $117,000 after purchasing an additional 4,245 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after buying an additional 2,774 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Graham Stock Up 1.4 %

Shares of Graham stock opened at $40.81 on Tuesday. Graham Co. has a 12 month low of $17.02 and a 12 month high of $42.65. The business has a fifty day simple moving average of $31.41 and a 200 day simple moving average of $30.05. The stock has a market cap of $444.42 million, a PE ratio of 57.48 and a beta of 0.56.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $53.56 million during the quarter, compared to analysts’ expectations of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same period in the prior year, the business posted $0.04 EPS. Analysts expect that Graham Co. will post 1.03 EPS for the current fiscal 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.