Kennedy Capital Management LLC Decreases Stock Holdings in Graham Co. (NYSE:GHM)

Kennedy Capital Management LLC reduced its holdings in shares of Graham Co. (NYSE:GHM) by 1.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 169,221 shares of the industrial products company’s stock after selling 2,509 shares during the period. Kennedy Capital Management LLC’s holdings in Graham were worth $4,616,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in 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 buying an additional 4,245 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Graham in the fourth quarter valued at $148,000. Hillsdale Investment Management Inc. purchased a new position in shares of Graham in the fourth quarter valued at $161,000. Quadrature Capital Ltd purchased a new position in shares of Graham in the fourth quarter valued at $325,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Graham by 18.9% in the fourth quarter. Ritholtz Wealth Management now owns 20,226 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 3,222 shares during the period. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Noble Financial assumed coverage on shares of Graham in a research note on Monday, June 24th. They issued an “outperform” rating and a $35.00 target price for the company.

Graham Stock Performance

Shares of GHM stock traded up $0.01 on Tuesday, hitting $32.41. The stock had a trading volume of 67,921 shares, compared to its average volume of 85,228. The firm has a market capitalization of $352.30 million, a price-to-earnings ratio of 75.49 and a beta of 0.59. The stock’s 50 day moving average is $29.02 and its 200-day moving average is $26.66. Graham Co. has a 52-week low of $12.53 and a 52-week high of $34.72.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $49.07 million for the quarter. Graham had a net margin of 2.46% and a return on equity of 4.45%. Equities analysts expect that Graham Co. will post 0.81 earnings per share for the current 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.