Royce & Associates LP Sells 21,000 Shares of Graham Co. (NYSE:GHM)

Royce & Associates LP decreased its stake in shares of Graham Co. (NYSE:GHM) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 427,298 shares of the industrial products company’s stock after selling 21,000 shares during the period. Royce & Associates LP’s holdings in Graham were worth $12,644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC increased its position in shares of Graham by 14.8% during the first quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock worth $4,673,000 after buying an additional 22,098 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Graham by 1,640.8% in the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock worth $4,037,000 after purchasing an additional 139,472 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Graham by 9.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 46,983 shares of the industrial products company’s stock worth $1,282,000 after purchasing an additional 4,122 shares in the last quarter. Lazard Asset Management LLC increased its stake 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 purchasing an additional 4,245 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Graham during the first quarter valued at approximately $1,118,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Ratings Changes

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 Down 0.8 %

Shares of NYSE:GHM opened at $40.25 on Friday. The firm’s 50 day moving average price is $31.15 and its 200-day moving average price is $29.94. Graham Co. has a twelve month low of $17.02 and a twelve month high of $42.65. The stock has a market capitalization of $438.32 million, a PE ratio of 56.69 and a beta of 0.56.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The business had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. During the same period last year, the firm posted $0.04 EPS. Analysts expect that Graham Co. will post 1.03 earnings per share 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.