Jones Financial Companies Lllp Makes New $45,000 Investment in Graham Co. (NYSE:GHM)

Jones Financial Companies Lllp acquired a new position in shares of Graham Co. (NYSE:GHM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,004 shares of the industrial products company’s stock, valued at approximately $45,000.

Other institutional investors also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft purchased a new stake in Graham during the fourth quarter worth approximately $203,000. SG Americas Securities LLC grew its stake in Graham by 31.2% during the fourth quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock worth $220,000 after buying an additional 1,176 shares during the period. BNP Paribas Financial Markets grew its stake 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 worth $151,000 after buying an additional 1,374 shares during the period. MetLife Investment Management LLC grew its stake 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 buying an additional 3,388 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Graham during the third quarter worth approximately $251,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Graham Trading Down 2.9 %

NYSE GHM opened at $31.29 on Wednesday. The company’s fifty day simple moving average is $38.82 and its 200-day simple moving average is $37.10. Graham Co. has a 52 week low of $24.21 and a 52 week high of $52.00. The stock has a market cap of $341.10 million, a P/E ratio of 37.69 and a beta of 0.73.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. On average, research analysts expect that Graham Co. will post 1.07 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.