Grace & White Inc. NY Sells 18,895 Shares of Graham Co. (NYSE:GHM)

Grace & White Inc. NY reduced its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 57,846 shares of the industrial products company's stock after selling 18,895 shares during the period. Grace & White Inc. NY owned approximately 0.53% of Graham worth $2,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC lifted its stake in Graham by 1.0% during 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. XTX Topco Ltd lifted its position in Graham by 5.7% in the 3rd quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock worth $283,000 after buying an additional 513 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Graham by 3.8% in the third 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 in the last quarter. SG Americas Securities LLC boosted its stake in Graham by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company's stock worth $220,000 after buying an additional 1,176 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $151,000 after acquiring an additional 1,374 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Graham from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Graham Trading Down 0.6 %

Shares of NYSE:GHM traded down $0.22 on Friday, reaching $37.49. 104,189 shares of the company traded hands, compared to its average volume of 82,178. The stock has a market capitalization of $408.31 million, a P/E ratio of 52.81 and a beta of 0.71. The business's 50-day simple moving average is $43.74 and its 200 day simple moving average is $36.63. Graham Co. has a 52 week low of $22.67 and a 52 week high of $52.00.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that Graham Co. will post 1.03 EPS for the current fiscal year.

Graham 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.