Meeder Asset Management Inc. Invests $31,000 in Graham Co. (NYSE:GHM)

Meeder Asset Management Inc. purchased a new stake in shares of Graham Co. (NYSE:GHM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 701 shares of the industrial products company’s stock, valued at approximately $31,000.

A number of other hedge funds have also recently modified their holdings of GHM. Jones Financial Companies Lllp acquired a new position in Graham in the 4th quarter valued at about $45,000. BNP Paribas Financial Markets raised its position in shares of Graham by 36.9% during 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 during the period. MetLife Investment Management LLC lifted its holdings in Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 3,388 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Graham in the fourth quarter worth approximately $203,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Graham in the fourth quarter valued at $209,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

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

Graham Stock Performance

Graham stock opened at $30.06 on Thursday. The company’s 50 day simple moving average is $35.90 and its 200-day simple moving average is $37.17. Graham Co. has a 1 year low of $25.22 and a 1 year high of $52.00. The company has a market capitalization of $327.74 million, a price-to-earnings ratio of 36.22 and a beta of 0.73.

Graham (NYSE:GHM) last announced its earnings results 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%. Equities analysts expect 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.