Cubist Systematic Strategies LLC Increases Stock Position in Graham Co. (NYSE:GHM)

Cubist Systematic Strategies LLC grew its position in Graham Co. (NYSE:GHM) by 85.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,439 shares of the industrial products company’s stock after purchasing an additional 4,811 shares during the period. Cubist Systematic Strategies LLC owned about 0.10% of Graham worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GHM. Itau Unibanco Holding S.A. purchased a new stake in shares of Graham in the second quarter valued at about $31,000. nVerses Capital LLC bought a new position in Graham during the second quarter valued at about $37,000. Lazard Asset Management LLC grew its position 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 valued at $117,000 after buying an additional 4,245 shares during the period. XTX Topco Ltd bought a new position in Graham during the second quarter valued at about $255,000. Finally, Rhumbline Advisers grew its position in Graham by 3,033.9% during the second quarter. Rhumbline Advisers now owns 11,094 shares of the industrial products company’s stock valued at $312,000 after buying an additional 10,740 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Up 0.3 %

Shares of NYSE:GHM opened at $31.01 on Tuesday. The firm has a market capitalization of $337.11 million, a PE ratio of 72.12 and a beta of 0.56. Graham Co. has a twelve month low of $15.01 and a twelve month high of $34.72. The company has a 50-day moving average price of $29.68 and a two-hundred day moving average price of $29.35.

Graham (NYSE:GHM) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.15. The firm 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 quarter last year, the business earned $0.25 earnings per share. Analysts anticipate that Graham Co. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GHM shares. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Noble Financial started coverage on shares of Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price target 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.