Graham Co. (NYSE:GHM) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in shares of Graham Co. (NYSE:GHM) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,973 shares of the industrial products company’s stock after buying an additional 1,750 shares during the period. First Eagle Investment Management LLC owned approximately 3.24% of Graham worth $15,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Graham during the fourth quarter worth approximately $45,000. Baader Bank Aktiengesellschaft acquired a new stake in Graham in the fourth quarter worth approximately $203,000. Cornerstone Investment Partners LLC acquired a new stake in Graham in the fourth quarter worth approximately $209,000. SG Americas Securities LLC lifted its position in Graham by 31.2% in the fourth 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, BNP Paribas Financial Markets lifted 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 worth $151,000 after purchasing an additional 1,374 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Graham Price Performance

GHM opened at $31.21 on Friday. The company has a market capitalization of $340.23 million, a price-to-earnings ratio of 37.60 and a beta of 0.73. Graham Co. has a 1-year low of $24.16 and a 1-year high of $52.00. The business has a 50 day moving average price of $39.90 and a two-hundred day moving average price of $37.06.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating 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%. Equities 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.