Grace & White Inc. NY Lowers Holdings in Graham Co. (NYSE:GHM)

Grace & White Inc. NY reduced its stake in shares of Graham Co. (NYSE:GHM) by 24.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,846 shares of the industrial products company’s stock after selling 18,895 shares during the period. Grace & White Inc. NY owned approximately 0.53% of Graham worth $2,572,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GHM. Geode Capital Management LLC grew its holdings in Graham by 1.3% during the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock worth $6,900,000 after acquiring an additional 2,952 shares during the period. State Street Corp grew its stake in shares of Graham by 22.6% during the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after purchasing an additional 29,277 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Graham by 17.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 9,466 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 28,863 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Graham during the third quarter worth $1,103,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a report on Tuesday.

Graham Trading Down 2.0 %

NYSE GHM opened at $37.64 on Thursday. The stock has a market capitalization of $409.90 million, a price-to-earnings ratio of 53.01 and a beta of 0.71. The stock has a 50-day moving average of $43.97 and a 200 day moving average of $36.55. Graham Co. has a twelve month low of $22.09 and a twelve month high of $52.00.

Graham (NYSE:GHM) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. Equities analysts predict that Graham Co. will post 1.03 EPS for the current fiscal year.

Graham 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.