Navellier & Associates Inc. Has $1.20 Million Stake in Graham Co. (NYSE:GHM)

Navellier & Associates Inc. boosted its position in shares of Graham Co. (NYSE:GHM) by 143.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,893 shares of the industrial products company’s stock after buying an additional 15,863 shares during the period. Navellier & Associates Inc. owned approximately 0.25% of Graham worth $1,196,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GHM. SG Americas Securities LLC acquired a new stake in Graham during the third quarter worth about $112,000. Principal Financial Group Inc. acquired a new stake in Graham during the third quarter worth about $266,000. Los Angeles Capital Management LLC acquired a new stake in Graham during the third quarter worth about $251,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Graham by 17.4% during the third 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. Finally, Charles Schwab Investment Management Inc. grew 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 buying an additional 1,065 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a report on Wednesday.

Graham Trading Down 4.9 %

GHM stock opened at $33.49 on Friday. The stock has a market capitalization of $365.14 million, a P/E ratio of 40.35 and a beta of 0.71. Graham Co. has a 12 month low of $22.67 and a 12 month high of $52.00. The firm has a 50-day moving average price of $42.90 and a 200-day moving average price of $36.81.

Graham (NYSE:GHM) last posted its 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 net margin of 4.60% and a return on equity of 9.35%. As a group, equities analysts predict that Graham Co. will post 1.07 EPS for the current fiscal year.

Graham 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.