HighTower Advisors LLC Makes New Investment in Graham Co. (NYSE:GHM)

HighTower Advisors LLC bought a new stake in Graham Co. (NYSE:GHM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,665 shares of the industrial products company’s stock, valued at approximately $287,000. HighTower Advisors LLC owned approximately 0.09% of Graham as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in Graham during the second quarter valued at $31,000. nVerses Capital LLC bought a new stake in shares of Graham during the 2nd quarter valued at about $37,000. SG Americas Securities LLC acquired a new stake in Graham during the third quarter worth about $112,000. BNP Paribas Financial Markets lifted 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 worth $151,000 after acquiring an additional 1,374 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake 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 acquiring an additional 3,388 shares during the period. Institutional investors own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Graham Trading Up 0.3 %

GHM stock opened at $40.88 on Tuesday. The firm’s 50-day moving average is $38.16 and its two-hundred day moving average is $32.64. The company has a market capitalization of $445.18 million, a price-to-earnings ratio of 57.58 and a beta of 0.72. Graham Co. has a 52 week low of $18.15 and a 52 week high of $46.50.

Graham (NYSE:GHM) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The firm had revenue of $53.56 million for the quarter, compared to analysts’ expectations of $50.50 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, equities research analysts predict that Graham Co. will post 1.03 earnings per share for the current 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.