Royce & Associates LP cut its holdings in Graham Co. (NYSE:GHM - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 388,024 shares of the industrial products company's stock after selling 39,274 shares during the quarter. Royce & Associates LP owned about 3.56% of Graham worth $17,255,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Graham in the fourth quarter valued at approximately $45,000. BNP Paribas Financial Markets raised its position in shares of Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $151,000 after purchasing an additional 1,374 shares during the period. MetLife Investment Management LLC raised its position in shares of Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock valued at $178,000 after purchasing an additional 3,388 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Graham in the fourth quarter valued at approximately $203,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Graham in the fourth quarter valued at approximately $209,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.
Graham Stock Down 2.7 %
Shares of NYSE:GHM traded down $0.87 during trading on Thursday, reaching $31.37. The stock had a trading volume of 67,997 shares, compared to its average volume of 84,315. Graham Co. has a 52 week low of $24.77 and a 52 week high of $52.00. The stock has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $37.07. The firm has a market capitalization of $341.97 million, a price-to-earnings ratio of 37.79 and a beta of 0.73.
Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. On average, analysts forecast that Graham Co. will post 1.07 EPS for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Graham from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.
Check Out Our Latest Stock Report on GHM
Graham Profile
(
Free Report)
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.
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