Brandes Investment Partners LP Sells 129,913 Shares of Graham Co. (NYSE:GHM)

Brandes Investment Partners LP trimmed its position in Graham Co. (NYSE:GHM - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,076,746 shares of the industrial products company's stock after selling 129,913 shares during the period. Brandes Investment Partners LP owned 9.90% of Graham worth $30,278,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GHM. Itau Unibanco Holding S.A. bought a new stake in shares of Graham during the second quarter valued at approximately $31,000. nVerses Capital LLC purchased a new stake in shares of Graham during the 2nd quarter valued at about $37,000. Lazard Asset Management LLC boosted its holdings in shares of Graham by 8,163.5% in the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company's stock worth $117,000 after buying an additional 4,245 shares during the last quarter. XTX Topco Ltd bought a new stake in Graham during the second quarter valued at approximately $255,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Graham by 85.5% during the second quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company's stock valued at $294,000 after buying an additional 4,811 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

Graham Stock Performance

Shares of GHM traded up $0.08 during mid-day trading on Monday, reaching $29.59. The stock had a trading volume of 31,349 shares, compared to its average volume of 75,769. The business has a fifty day moving average of $30.07 and a 200 day moving average of $29.07. The firm has a market cap of $321.67 million, a price-to-earnings ratio of 68.81 and a beta of 0.56. Graham Co. has a 12 month low of $15.01 and a 12 month high of $34.72.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.15. The business had revenue of $49.95 million during the quarter, compared to analyst estimates of $50.00 million. Graham had a return on equity of 5.26% and a net margin of 2.60%. During the same quarter in the prior year, the business posted $0.25 EPS. On average, research analysts forecast that Graham Co. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GHM. Noble Financial began coverage on shares of Graham in a research note on Monday, June 24th. They set an "outperform" rating and a $35.00 price target on the stock. StockNews.com raised Graham from a "hold" rating to a "buy" rating in a report on Thursday, September 5th.

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.