Walthausen & Co. LLC increased its holdings in shares of Graham Co. (NYSE:GHM) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,880 shares of the industrial products company’s stock after purchasing an additional 11,790 shares during the quarter. Walthausen & Co. LLC’s holdings in Graham were worth $1,726,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of GHM. Marshall Wace LLP purchased a new stake in shares of Graham in the fourth quarter valued at $66,000. ArrowMark Colorado Holdings LLC increased its position in Graham by 2.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 718,486 shares of the industrial products company’s stock valued at $15,720,000 after acquiring an additional 15,980 shares during the period. Goldman Sachs Group Inc. increased its position in Graham by 13.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,054 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 3,189 shares during the period. UBS Group AG increased its position in Graham by 69.1% in the 4th quarter. UBS Group AG now owns 13,623 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 5,565 shares during the period. Finally, Oxford Asset Management LLP increased its position in Graham by 27.0% in the 4th quarter. Oxford Asset Management LLP now owns 32,398 shares of the industrial products company’s stock valued at $709,000 after acquiring an additional 6,889 shares during the period. 78.11% of the stock is owned by hedge funds and other institutional investors.
Shares of GHM stock traded up $0.12 during mid-day trading on Thursday, hitting $14.48. 62,400 shares of the stock traded hands, compared to its average volume of 39,492. Graham Co. has a twelve month low of $11.06 and a twelve month high of $23.77. The firm has a market cap of $151.93 million, a price-to-earnings ratio of -43.88 and a beta of 0.66. The company’s 50-day simple moving average is $16.01 and its 200-day simple moving average is $19.72.
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 the consensus estimate of $0.25 by ($0.25). Graham had a negative net margin of 3.57% and a positive return on equity of 3.01%. The firm had revenue of $25.29 million for the quarter, compared to analyst estimates of $28.36 million. Equities analysts forecast that Graham Co. will post 0.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, February 10th. Graham’s dividend payout ratio (DPR) is presently 86.27%.
Several brokerages have recently issued reports on GHM. ValuEngine cut Graham from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Zacks Investment Research cut Graham from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Finally, Maxim Group reiterated a “buy” rating and set a $17.00 price target on shares of Graham in a research report on Thursday.
In related news, CEO James R. Lines purchased 2,500 shares of Graham stock in a transaction on Thursday, March 5th. The stock was bought at an average price of $15.83 per share, with a total value of $39,575.00. Also, CFO Jeffrey Glajch purchased 4,000 shares of Graham stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $18.38 per share, with a total value of $73,520.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 21,713 shares of company stock worth $386,940. 3.71% of the stock is owned by insiders.
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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