Hillsdale Investment Management Inc. Grows Position in Graham Co. (NYSE:GHM)

Hillsdale Investment Management Inc. increased its position in shares of Graham Co. (NYSE:GHM) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,742 shares of the industrial products company’s stock after buying an additional 2,470 shares during the period. Hillsdale Investment Management Inc.’s holdings in Graham were worth $4,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GHM. Principal Financial Group Inc. purchased a new stake in shares of Graham during the third quarter worth approximately $266,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Graham by 17.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 9,466 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Graham by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 1,374 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 3,388 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Graham Stock Down 2.2 %

Shares of GHM opened at $30.73 on Friday. The stock has a 50 day moving average price of $38.16 and a 200 day moving average price of $37.02. The company has a market capitalization of $335.02 million, a price-to-earnings ratio of 37.02 and a beta of 0.73. Graham Co. has a 52-week low of $25.22 and a 52-week high of $52.00.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. On average, equities analysts anticipate that Graham Co. will post 1.07 EPS for the current fiscal year.

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.