LPL Financial LLC Purchases 4,769 Shares of Graham Co. (NYSE:GHM)

LPL Financial LLC increased its position in shares of Graham Co. (NYSE:GHM) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,315 shares of the industrial products company’s stock after purchasing an additional 4,769 shares during the period. LPL Financial LLC owned approximately 0.17% of Graham worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of Graham by 6.7% in the fourth quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 654 shares during the period. Principal Financial Group Inc. boosted its holdings in Graham by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 960 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Graham during the 4th quarter worth approximately $45,000. SG Americas Securities LLC grew its position 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 in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Graham by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company’s stock worth $15,697,000 after purchasing an additional 1,750 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Stock Down 3.7 %

GHM stock opened at $28.75 on Tuesday. Graham Co. has a 52 week low of $24.78 and a 52 week high of $52.00. The business has a 50-day simple moving average of $31.32 and a 200 day simple moving average of $37.08. The company has a market cap of $313.46 million, a PE ratio of 34.64 and a beta of 0.65.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. On average, analysts anticipate 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.