First Eagle Investment Management LLC Raises Stock Holdings in Graham Co. (NYSE:GHM)

First Eagle Investment Management LLC increased its holdings in shares of Graham Co. (NYSE:GHM) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,662 shares of the industrial products company’s stock after acquiring an additional 20,933 shares during the quarter. First Eagle Investment Management LLC owned approximately 2.89% of Graham worth $8,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Graham during the 2nd quarter worth $37,000. Lazard Asset Management LLC increased its holdings in Graham by 8,163.5% during the first 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. Victory Capital Management Inc. bought a new stake in Graham in the fourth quarter worth about $148,000. Rhumbline Advisers boosted its stake in Graham by 3,033.9% in the second quarter. Rhumbline Advisers now owns 11,094 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 10,740 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Graham in the fourth quarter valued at about $325,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Up 2.2 %

Shares of NYSE:GHM opened at $30.56 on Friday. The firm has a market capitalization of $332.22 million, a PE ratio of 71.07 and a beta of 0.56. The company has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $28.72. Graham Co. has a twelve month low of $14.78 and a twelve month high of $34.72.

Graham (NYSE:GHM) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share 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 net margin of 2.60% and a return on equity of 5.26%. During the same period in the previous year, the business earned $0.25 EPS. Analysts anticipate that Graham Co. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GHM has been the subject of several research analyst reports. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Noble Financial started coverage on Graham in a research report on Monday, June 24th. They issued an “outperform” rating and a $35.00 target price for the company.

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.