SG Americas Securities LLC Raises Stock Holdings in Graham Co. (NYSE:GHM)

SG Americas Securities LLC raised its position in shares of Graham Co. (NYSE:GHM) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,949 shares of the industrial products company’s stock after purchasing an additional 1,176 shares during the quarter. SG Americas Securities LLC’s holdings in Graham were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position 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 valued at $151,000 after buying an additional 1,374 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Graham by 129.1% in the 3rd 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 last quarter. Exchange Traded Concepts LLC increased its stake in shares of Graham by 57.3% in 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. Los Angeles Capital Management LLC purchased a new position in shares of Graham during the third quarter worth $251,000. Finally, Principal Financial Group Inc. acquired a new position in Graham during the third quarter valued at $266,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of GHM opened at $39.69 on Friday. The company has a market capitalization of $432.22 million, a P/E ratio of 55.90 and a beta of 0.71. The business’s 50-day moving average is $44.36 and its two-hundred day moving average is $36.40. Graham Co. has a fifty-two week low of $21.73 and a fifty-two week high of $52.00.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. Analysts forecast that Graham Co. will post 1.03 EPS for the current year.

About Graham

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.