EntryPoint Capital LLC Buys Shares of 6,777 Graham Co. (NYSE:GHM)

EntryPoint Capital LLC purchased a new position in shares of Graham Co. (NYSE:GHM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,777 shares of the industrial products company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd raised its stake in Graham by 5.7% during the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company’s stock valued at $283,000 after buying an additional 513 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 654 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Graham by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 960 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Graham during the 4th quarter valued at approximately $45,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Graham by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.6 %

Shares of NYSE GHM opened at $30.62 on Friday. The stock has a market capitalization of $333.84 million, a P/E ratio of 36.89 and a beta of 0.73. The firm’s 50-day moving average price is $37.22 and its two-hundred day moving average price is $37.10. Graham Co. has a 52-week low of $25.22 and a 52-week high of $52.00.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that Graham Co. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

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

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.