Graham Co. (NYSE:GHM) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Graham Co. (NYSE:GHM) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,941 shares of the industrial products company’s stock after buying an additional 960 shares during the period. Principal Financial Group Inc. owned approximately 0.09% of Graham worth $442,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Graham by 36.9% during the third 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 stake 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 purchasing an additional 3,388 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Graham in the 4th quarter valued at about $203,000. SG Americas Securities LLC grew its holdings in shares of Graham by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 1,176 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Graham during the 3rd quarter worth approximately $251,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Trading Down 0.9 %

Shares of Graham stock opened at $31.58 on Friday. Graham Co. has a twelve month low of $23.67 and a twelve month high of $52.00. The stock has a market cap of $344.26 million, a price-to-earnings ratio of 38.04 and a beta of 0.71. The company has a fifty day moving average price of $41.21 and a 200 day moving average price of $37.00.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Analysts forecast that Graham Co. will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

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.