Ritholtz Wealth Management Has $632,000 Stock Position in Graham Co. (NYSE:GHM)

Ritholtz Wealth Management reduced its position in Graham Co. (NYSE:GHM) by 22.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,209 shares of the industrial products company’s stock after selling 4,225 shares during the period. Ritholtz Wealth Management owned about 0.13% of Graham worth $632,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Graham in the 2nd quarter valued at about $31,000. SG Americas Securities LLC acquired a new position in Graham in the 3rd quarter valued at about $112,000. BNP Paribas Financial Markets raised its holdings in Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 1,374 shares during the period. MetLife Investment Management LLC lifted its position in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 3,388 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 2,774 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Trading Up 0.9 %

Graham stock opened at $44.65 on Tuesday. The company has a market capitalization of $486.27 million, a price-to-earnings ratio of 62.89 and a beta of 0.73. The stock’s 50 day moving average is $43.52 and its 200-day moving average is $34.90. Graham Co. has a 12 month low of $18.90 and a 12 month high of $49.28.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $50.50 million. During the same period in the prior year, the firm posted $0.04 EPS. As a group, equities research analysts predict that Graham Co. will post 1.03 earnings per share 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.