US Bancorp DE, a financial institution, has recently reduced its stake in Graham Co. by 58.5% during the first quarter of this year. This information was revealed in the company’s most recent Form 13F filing with the Securities and Exchange Commission. As a result of this transaction, US Bancorp DE now owns 27,271 shares of Graham’s stock, representing a decrease of 38,445 shares from their previous holdings. The total value of these shares is estimated to be $357,000 at the end of the reporting period.
Graham Corporation is an industrial products company that specializes in designing and manufacturing various equipment for multiple industries such as chemical and petrochemical processing, defense, space, petroleum refining, cryogenic applications, energy production, and more. The company provides a wide range of products including power plant systems such as ejectors and surface condensers as well as torpedo ejection, propulsion, and power systems like turbines, alternators, regulators, pumps, and blowers. Additionally, Graham offers thermal management systems including pumps, blowers, and drive electronics specifically designed for the defense sector.
Though US Bancorp DE’s decision to reduce its holdings in Graham Co. might seem as cause for concern to some investors or observers within the market; it is important to note that investment decisions are driven by many factors which may not always indicate underlying issues with the company itself. Therefore it is necessary to proceed cautiously when interpreting these changes.
It is worth noting that several factors could have influenced US Bancorp DE’s decision to reduce its stake including changes in market conditions or investment strategies employed by US Bancorp DE at that time. It is also important to consider that other institutional investors or fund managers may have different interpretations or views regarding Graham Co.’s prospects.
Investors interested in gaining deeper insights into Graham Co.’s future prospects can refer to our latest analysis on GHM for comprehensive and up-to-date information. This analysis incorporates various factors such as financial performance, market trends, and industry outlook. By considering these factors, investors can make more informed decisions about their investment strategies.
In conclusion, US Bancorp DE has recently disclosed a reduction in its holdings of Graham Co. shares. While this may raise questions and concerns for some investors, it is crucial to understand that investment decisions are multi-faceted and could be influenced by many factors. Therefore, any interpretation of this information should be approached with caution. For those who seek a better understanding of Graham Co.’s prospects and potential future performance, our latest analysis on GHM provides valuable insights into the company’s position within its respective industries.
Hedge Funds Increase Holdings in Graham Co. (NYSE:GHM) Amid Optimistic Analyst Reports
In recent times, there have been a number of significant changes happening within the hedge fund industry, particularly in relation to their holdings in various companies. One such company that has experienced modifications in hedge fund holdings is Graham Co. (NYSE:GHM), an industrial products company.
Among the hedge funds that have made alterations to their holdings in Graham, Dimensional Fund Advisors LP stands out. In the first quarter, this firm saw its holdings in Graham increase by 3.6%. As a result, Dimensional Fund Advisors LP now owns a total of 384,616 shares of Graham’s stock, valued at approximately $2,966,000. Their increased position was achieved through the purchase of an additional 13,471 shares during this period.
Additionally, Sei Investments Co., another hedge fund player, also expanded its stake in Graham during the same quarter. They witnessed a growth of 15.6% and are now proud owners of 95,737 shares in the industrial products company’s stock. The total value of their investment amounts to around $738,000 after they acquired an additional 12,940 shares.
Another noteworthy example is Gamco Investors INC. ET AL., whose stake in Graham went up by an impressive 49.3% during the first quarter. This increase was accomplished through the acquisition of an additional 94,744 shares and brings their total ownership to 286,969 shares worth approximately $2,213,000.
Teton Advisors Inc., too added to its holdings in Graham during the first quarter with remarkable growth of 107.5%. Through purchasing an additional 43,000 shares during this period, Teton Advisors Inc.’s total ownership now stands at 83,000 shares valued at about $640,000.
Lastly we find State Street Corp finding incremental value from investing in Gratham as well by lifting its stakes by approximately 4.8% during the first quarter. With an additional purchase of 1,666 shares, State Street Corp now has a total ownership of 36,093 shares worth $278,000.
Collectively, these hedge funds and institutional investors own around 66.07% of Graham Co.’s stock. This significant ownership by influential players in the financial market indicates their confidence in the future prospects and profitability of the industrial products company.
In terms of analyst reports, Graham has recently attracted attention from analysts at StockNews.com and TheStreet. StockNews.com downgraded Graham’s rating from “strong-buy” to “buy” on August 16th in a research note. Meanwhile, TheStreet upgraded Graham’s rating from “c” to “b-” on August 21st in another research report.
On the market front for GHM shares on Monday, August 28th, NYSE GHM opened at $16.20. With a market capitalization of $173.34 million and a P/E ratio of 77.14, GHM presents itself as an intriguing investment opportunity for investors seeking diversity in their portfolios given its beta value of 0.54.
Over the past year, Graham Co.’s stock has seen a low point at $7.45 and a high point at $17.95. This range demonstrates both the potential volatility and growth opportunities within the company’s share price.
Examining financial indicators provides further insights into Graham Co.’s operations; it currently possesses a current ratio of 1.30 which points towards its ability to meet short-term obligations efficiently, plus a quick ratio of 1.02 that underscores its liquidity despite holding smaller levels of inventory and accounts receivable against current liabilities.
It is important to acknowledge the company’s prudent management approach reflected by their low debt-to-equity ratio of just 0.09.
Looking back to quarterly earnings data from Monday, August 7th when Graham last reported, the industrial products company surprised analysts with positive results. They posted earnings per share of $0.25 for the quarter, surpassing consensus estimates of ($0.04) by a considerable margin of $0.29.
Graham also achieved a return on equity of 2.38% and a net margin of 1.38%, displaying its ability to generate moderate returns and maintain a healthy bottom line. Moreover, their revenue for the quarter amounted to $47.57 million, comfortably surpassing market expectations of $39.68 million.
Comparing these numbers with the same quarter from the previous year, Graham has demonstrated strong growth as they posted an impressive $0.06 earnings per share during that period.
Equities research analysts have shown confidence in Graham’s continued success, predicting that the company will post earnings per share of 0.15 for the current fiscal year.
In conclusion, hedge funds such as Dimensional Fund Advisors LP, Sei Investments Co., Gamco Investors INC. ET AL, Teton Advisors Inc., and State Street Corp have all adjusted their holdings in Graham Co., reflecting their belief in the company’s potential for growth and profitability in the future.
Furthermore, analyst reports from StockNews.com and TheStreet provide additional perspectives on Graham’s performance
Source: beststocks.com
