MetLife Investment Management LLC Acquires 3,388 Shares of Graham Co. (NYSE:GHM)

MetLife Investment Management LLC grew its holdings in Graham Co. (NYSE:GHM) by 129.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,012 shares of the industrial products company’s stock after purchasing an additional 3,388 shares during the period. MetLife Investment Management LLC’s holdings in Graham were worth $178,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GHM. Ellsworth Advisors LLC boosted its holdings in Graham by 1.0% in the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 320 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Graham by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after buying an additional 620 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Graham by 3.8% in 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 last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Graham in the second quarter worth $31,000. Finally, nVerses Capital LLC purchased a new stake in Graham during the second quarter valued at $37,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Down 0.0 %

Shares of GHM stock opened at $43.25 on Tuesday. Graham Co. has a 12 month low of $17.13 and a 12 month high of $46.05. The stock has a market cap of $470.99 million, a P/E ratio of 60.92 and a beta of 0.72. The company has a 50 day simple moving average of $35.69 and a two-hundred day simple moving average of $31.62.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The firm had revenue of $53.56 million during the quarter, compared to the consensus estimate of $50.50 million. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, equities analysts forecast that Graham Co. will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

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.