Itau Unibanco Holding S.A. Buys Shares of 1,101 Graham Co. (NYSE:GHM)

Itau Unibanco Holding S.A. purchased a new position in shares of Graham Co. (NYSE:GHM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,101 shares of the industrial products company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sei Investments Co. purchased a new stake in Graham during the 2nd quarter worth approximately $447,000. XTX Topco Ltd purchased a new stake in shares of Graham during the second quarter worth $255,000. First Eagle Investment Management LLC raised its stake in shares of Graham by 7.2% in the second quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock valued at $8,833,000 after acquiring an additional 20,933 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Graham by 21.4% in the second quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock valued at $5,858,000 after purchasing an additional 36,724 shares during the period. Finally, Rhumbline Advisers grew its stake in Graham by 3,033.9% during the 2nd quarter. Rhumbline Advisers now owns 11,094 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 10,740 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

GHM has been the subject of a number of analyst reports. Noble Financial began coverage on Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Graham Price Performance

Graham stock opened at $30.34 on Monday. The stock’s fifty day moving average is $30.21 and its two-hundred day moving average is $28.84. The stock has a market cap of $329.83 million, a PE ratio of 70.56 and a beta of 0.56. Graham Co. has a 1-year low of $14.78 and a 1-year high of $34.72.

Graham (NYSE:GHM) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.15. The firm had revenue of $49.95 million during the quarter, compared to analysts’ expectations of $50.00 million. Graham had a return on equity of 5.26% and a net margin of 2.60%. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, research analysts expect that Graham Co. will post 0.95 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.