Grace & White Inc. NY Sells 16,860 Shares of Graham Corporation $GHM

Grace & White Inc. NY reduced its holdings in Graham Corporation (NYSE:GHM) by 35.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,439 shares of the industrial products company’s stock after selling 16,860 shares during the quarter. Grace & White Inc. NY’s holdings in Graham were worth $1,671,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey boosted its stake in Graham by 15.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 310 shares during the period. BNP Paribas Financial Markets increased its position in Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after buying an additional 410 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Graham by 4.8% during the second quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company’s stock worth $545,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Graham during the third quarter worth approximately $28,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Graham by 130.5% in the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GHM. Noble Financial lowered shares of Graham from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Graham in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Graham currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Graham Price Performance

Shares of Graham stock opened at $69.38 on Friday. Graham Corporation has a 52-week low of $24.78 and a 52-week high of $72.99. The firm has a market capitalization of $762.46 million, a PE ratio of 55.95 and a beta of 0.93. The company’s fifty day moving average price is $61.92 and its two-hundred day moving average price is $56.08.

Graham (NYSE:GHM) last issued its earnings results on Friday, November 7th. The industrial products company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $66.03 million for the quarter, compared to analyst estimates of $57.55 million. Graham had a net margin of 6.00% and a return on equity of 12.44%. Analysts predict that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Graham Company Profile

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.