Oxford Asset Management LLP increased its position in shares of Graham Co. (NYSE:GHM) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,398 shares of the industrial products company’s stock after purchasing an additional 6,889 shares during the period. Oxford Asset Management LLP’s holdings in Graham were worth $709,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Graham by 0.7% during the third quarter. State Street Corp now owns 185,620 shares of the industrial products company’s stock worth $3,686,000 after purchasing an additional 1,327 shares during the last quarter. California Public Employees Retirement System boosted its stake in Graham by 5.9% during the third quarter. California Public Employees Retirement System now owns 33,900 shares of the industrial products company’s stock worth $673,000 after buying an additional 1,900 shares during the period. Secure Asset Management LLC purchased a new position in Graham during the fourth quarter worth about $229,000. Millennium Management LLC purchased a new position in Graham during the third quarter worth about $239,000. Finally, Cadence Capital Management LLC purchased a new position in Graham during the fourth quarter worth about $1,924,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.
Several research analysts have weighed in on GHM shares. Zacks Investment Research lowered shares of Graham from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. ValuEngine lowered shares of Graham from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Maxim Group reaffirmed a “buy” rating and set a $17.00 target price on shares of Graham in a research note on Thursday.
Graham stock traded down $0.03 during trading on Thursday, reaching $14.33. The stock had a trading volume of 12,444 shares, compared to its average volume of 55,646. Graham Co. has a 52-week low of $11.06 and a 52-week high of $23.77. The business has a 50 day moving average price of $16.01 and a 200 day moving average price of $19.72. The stock has a market cap of $151.93 million, a PE ratio of -43.60 and a beta of 0.66.
Graham (NYSE:GHM) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.25). Graham had a positive return on equity of 3.01% and a negative net margin of 3.57%. The firm had revenue of $25.29 million during the quarter, compared to analysts’ expectations of $28.36 million. As a group, sell-side analysts expect that Graham Co. will post 0.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.44 dividend on an annualized basis and a yield of 3.07%. Graham’s payout ratio is currently 86.27%.
Graham Company Profile
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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