Principal Financial Group Inc. Takes Position in Graham Co. (NYSE:GHM)

Principal Financial Group Inc. purchased a new position in shares of Graham Co. (NYSE:GHM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,981 shares of the industrial products company’s stock, valued at approximately $266,000. Principal Financial Group Inc. owned 0.08% of Graham as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC lifted its position in Graham by 1.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock worth $938,000 after buying an additional 320 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Graham by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 2,774 shares in the last quarter. SG Americas Securities LLC acquired a new position in Graham in the 3rd quarter worth about $112,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Graham Trading Down 0.7 %

GHM stock opened at $44.34 on Tuesday. The firm has a market cap of $482.86 million, a PE ratio of 62.45 and a beta of 0.56. Graham Co. has a 1 year low of $17.02 and a 1 year high of $45.67. The company has a fifty day simple moving average of $32.85 and a 200 day simple moving average of $30.56.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.04 earnings per share. As a group, analysts forecast that Graham Co. will post 1.03 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.