Legal & General Group Plc Buys 536 Shares of Graham Co. (NYSE:GHM)

Legal & General Group Plc raised its stake in Graham Co. (NYSE:GHM) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,599 shares of the industrial products company’s stock after acquiring an additional 536 shares during the period. Legal & General Group Plc’s holdings in Graham were worth $116,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GHM. Invesco Ltd. grew its holdings in Graham by 1,479.1% during the 4th quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company’s stock worth $7,043,000 after acquiring an additional 148,340 shares during the last quarter. American Century Companies Inc. raised its position in Graham by 137.4% in the 4th quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock worth $6,122,000 after purchasing an additional 79,671 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Graham by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock worth $1,153,000 after buying an additional 28,863 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Graham by 391.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,839 shares of the industrial products company’s stock worth $1,549,000 after buying an additional 27,744 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Graham by 291.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock valued at $1,325,000 after buying an additional 22,176 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Graham Price Performance

Shares of NYSE:GHM opened at $31.99 on Friday. The stock has a market cap of $348.73 million, a price-to-earnings ratio of 38.54 and a beta of 0.65. The company has a 50 day moving average of $30.51 and a 200-day moving average of $37.01. Graham Co. has a one year low of $24.78 and a one year high of $52.00.

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%. Equities research analysts anticipate that Graham Co. will post 1.07 earnings per share for the current 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.