Diamond Hill Capital Management Inc. Has $8 Million Position in Graham Co. (NYSE:GHM)

Diamond Hill Capital Management Inc. increased its stake in Graham Co. (NYSE:GHM) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 179,940 shares of the industrial products company’s stock after acquiring an additional 7,673 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Graham were worth $8,002,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Graham in the 4th quarter valued at $45,000. BNP Paribas Financial Markets increased its position in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares during the period. MetLife Investment Management LLC raised its holdings in Graham by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 3,388 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Graham during the 4th quarter valued at about $203,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Graham in the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Graham Stock Up 2.3 %

GHM stock opened at $32.02 on Friday. Graham Co. has a twelve month low of $24.16 and a twelve month high of $52.00. The company has a market cap of $349.10 million, a P/E ratio of 38.58 and a beta of 0.73. The business’s fifty day moving average is $39.33 and its 200-day moving average is $37.02.

Graham (NYSE:GHM) last released its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating 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%. Research analysts anticipate that Graham Co. will post 1.07 earnings per share for the current fiscal year.

Graham Company 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.