Sanctuary Advisors LLC Takes Position in Graham Co. (NYSE:GHM)

Sanctuary Advisors LLC acquired a new stake in Graham Co. (NYSE:GHM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,385 shares of the industrial products company’s stock, valued at approximately $635,000. Sanctuary Advisors LLC owned approximately 0.21% of Graham at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GHM. Itau Unibanco Holding S.A. acquired a new position in Graham during the 2nd quarter worth $31,000. nVerses Capital LLC acquired a new position in Graham during the 2nd quarter worth $37,000. Lazard Asset Management LLC grew its stake 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 worth $117,000 after purchasing an additional 4,245 shares in the last quarter. XTX Topco Ltd acquired a new position in Graham during the 2nd quarter worth $255,000. Finally, Cubist Systematic Strategies LLC grew its stake in Graham by 85.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 4,811 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

NYSE:GHM opened at $31.01 on Tuesday. Graham Co. has a 1 year low of $15.01 and a 1 year high of $34.72. The stock has a market cap of $337.11 million, a P/E ratio of 72.12 and a beta of 0.56. The stock has a 50-day simple moving average of $29.68 and a 200-day simple moving average of $29.35.

Graham (NYSE:GHM) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.15. Graham had a return on equity of 5.26% and a net margin of 2.60%. The business had revenue of $49.95 million during the quarter, compared to the consensus estimate of $50.00 million. During the same period in the previous year, the business earned $0.25 EPS. On average, equities research analysts predict that Graham Co. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GHM shares. StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Noble Financial started coverage on Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price objective for the company.

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.