Two Sigma Investments LP Makes New $279,000 Investment in Graham Co. (NYSE:GHM)

Two Sigma Investments LP bought a new stake in shares of Graham Co. (NYSE:GHM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,273 shares of the industrial products company's stock, valued at approximately $279,000. Two Sigma Investments LP owned approximately 0.06% of Graham as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Graham in the fourth quarter valued at approximately $31,000. Jones Financial Companies Lllp bought a new stake in Graham in the fourth quarter valued at approximately $45,000. Russell Investments Group Ltd. lifted its position in Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 1,442 shares during the last quarter. Legal & General Group Plc lifted its position in Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 536 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in Graham in the fourth quarter valued at approximately $172,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Trading Down 1.7%

GHM traded down $0.82 during trading on Friday, reaching $46.17. The stock had a trading volume of 108,651 shares, compared to its average volume of 83,544. The stock's 50 day moving average is $35.50 and its two-hundred day moving average is $37.81. The company has a market capitalization of $503.39 million, a price-to-earnings ratio of 55.63 and a beta of 0.85. Graham Co. has a one year low of $24.78 and a one year high of $52.00.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.17. Graham had a return on equity of 9.35% and a net margin of 4.60%. The business had revenue of $59.35 million during the quarter, compared to the consensus estimate of $55.67 million. On average, equities research analysts predict that Graham Co. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Graham from a "buy" rating to a "hold" rating in a report 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.