Diamond Hill Capital Management Inc. Purchases 7,673 Shares of Graham Co. (NYSE:GHM)

Diamond Hill Capital Management Inc. lifted its position in shares of Graham Co. (NYSE:GHM) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,940 shares of the industrial products company’s stock after purchasing an additional 7,673 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 1.65% of Graham worth $8,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GHM. Principal Financial Group Inc. bought a new stake in Graham in the third quarter valued at about $266,000. Los Angeles Capital Management LLC bought a new stake in shares of Graham in the 3rd quarter valued at approximately $251,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Graham by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock worth $1,893,000 after buying an additional 9,466 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Graham by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after buying an additional 1,065 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,374 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Graham Trading Up 2.3 %

NYSE GHM opened at $32.02 on Friday. The firm has a market cap of $349.10 million, a price-to-earnings ratio of 38.58 and a beta of 0.73. The company has a 50 day moving average of $39.33 and a 200-day moving average of $37.02. Graham Co. has a 1-year low of $24.16 and a 1-year high of $52.00.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. On average, analysts forecast that Graham Co. will post 1.07 earnings per share for the current year.

About Graham

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.