SG Americas Securities LLC Acquires Shares of 3,773 Graham Co. (NYSE:GHM)

SG Americas Securities LLC acquired a new stake in Graham Co. (NYSE:GHM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,773 shares of the industrial products company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Graham by 85.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock worth $294,000 after buying an additional 4,811 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Graham during the 2nd quarter worth $635,000. Bank of Montreal Can acquired a new position in shares of Graham during the 2nd quarter worth $367,000. Itau Unibanco Holding S.A. acquired a new position in shares of Graham during the 2nd quarter worth $31,000. Finally, Sei Investments Co. acquired a new position in shares of Graham during the 2nd quarter worth $447,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Graham stock opened at $29.90 on Friday. Graham Co. has a 52 week low of $15.18 and a 52 week high of $34.72. The stock has a fifty day moving average of $30.03 and a 200-day moving average of $29.38. The stock has a market capitalization of $325.61 million, a P/E ratio of 66.44 and a beta of 0.56.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

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.