Royce & Associates LP Has $12.64 Million Stock Position in Graham Co. (NYSE:GHM)

Royce & Associates LP trimmed its holdings in Graham Co. (NYSE:GHM - Free Report) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 427,298 shares of the industrial products company's stock after selling 21,000 shares during the period. Royce & Associates LP owned 3.92% of Graham worth $12,644,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in Graham in the 2nd quarter valued at $31,000. nVerses Capital LLC acquired a new position in Graham during the 2nd quarter valued at about $37,000. SG Americas Securities LLC acquired a new stake in Graham during the 3rd quarter worth $112,000. Lazard Asset Management LLC grew its stake in shares of Graham by 8,163.5% during the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company's stock worth $117,000 after purchasing an additional 4,245 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 2,774 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Stock Performance

Shares of NYSE GHM traded down $0.34 during trading hours on Friday, reaching $40.25. 93,660 shares of the stock were exchanged, compared to its average volume of 56,278. Graham Co. has a 52 week low of $17.02 and a 52 week high of $42.65. The stock's fifty day simple moving average is $31.15 and its 200 day simple moving average is $29.96. The firm has a market capitalization of $438.32 million, a price-to-earnings ratio of 56.69 and a beta of 0.56.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million during the quarter, compared to analysts' expectations of $50.50 million. During the same quarter in the previous year, the firm earned $0.04 EPS. Research analysts predict that Graham Co. will post 1.03 EPS for the current fiscal year.

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.