Raymond James Financial Inc. Buys Shares of 18,304 Graham Co. (NYSE:GHM)

Raymond James Financial Inc. purchased a new position in shares of Graham Co. (NYSE:GHM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,304 shares of the industrial products company’s stock, valued at approximately $814,000. Raymond James Financial Inc. owned 0.17% of Graham at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GHM. Meeder Asset Management Inc. acquired a new position in shares of Graham during the fourth quarter worth about $31,000. Jones Financial Companies Lllp acquired a new position in Graham during the 4th quarter worth approximately $45,000. Russell Investments Group Ltd. raised its stake in shares of Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock worth $64,000 after buying an additional 1,442 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Graham by 26.0% during the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 536 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Graham during the fourth quarter worth about $203,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Trading Up 1.2 %

NYSE:GHM opened at $33.28 on Wednesday. The firm has a 50-day moving average price of $30.52 and a two-hundred day moving average price of $37.09. The company has a market capitalization of $362.85 million, a P/E ratio of 40.10 and a beta of 0.71. Graham Co. has a twelve month low of $24.78 and a twelve month high of $52.00.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Graham Co. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

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

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.