Graham Co. (NYSE:GHM) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY decreased its holdings in shares of Graham Co. (NYSE:GHM) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,846 shares of the industrial products company’s stock after selling 18,895 shares during the quarter. Grace & White Inc. NY’s holdings in Graham were worth $2,572,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GHM. SG Americas Securities LLC acquired a new position in shares of Graham during the 3rd quarter worth approximately $112,000. Exchange Traded Concepts LLC boosted its stake in Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after buying an additional 2,774 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in Graham by 1.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after buying an additional 320 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Graham in the 3rd quarter worth $266,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Graham during the 3rd quarter worth $251,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE GHM opened at $37.64 on Thursday. The company has a market capitalization of $409.90 million, a P/E ratio of 53.01 and a beta of 0.71. The company has a 50 day simple moving average of $43.97 and a 200-day simple moving average of $36.55. Graham Co. has a 1 year low of $22.09 and a 1 year high of $52.00.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. As a group, research analysts expect that Graham Co. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.