Grace & White Inc. NY Sells 10,547 Shares of Graham Corporation (NYSE:GHM)

Grace & White Inc. NY cut its position in Graham Corporation (NYSE:GHM - Free Report) by 18.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,299 shares of the industrial products company's stock after selling 10,547 shares during the quarter. Grace & White Inc. NY owned approximately 0.43% of Graham worth $1,363,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Graham by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company's stock worth $29,083,000 after purchasing an additional 14,589 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Graham by 8.7% in the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock worth $16,693,000 after purchasing an additional 29,900 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Graham by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock worth $15,697,000 after purchasing an additional 1,750 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Graham by 4.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company's stock worth $8,002,000 after purchasing an additional 7,673 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Graham by 1,479.1% in the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company's stock worth $7,043,000 after purchasing an additional 148,340 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

Graham Stock Performance

Shares of GHM stock opened at $45.22 on Monday. Graham Corporation has a fifty-two week low of $24.78 and a fifty-two week high of $52.00. The firm has a market capitalization of $495.16 million, a price-to-earnings ratio of 40.74 and a beta of 0.85. The stock's 50-day simple moving average is $37.21 and its 200-day simple moving average is $37.79.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.17. Graham had a return on equity of 12.07% and a net margin of 5.83%. The business had revenue of $59.35 million for the quarter, compared to analyst estimates of $55.67 million. As a group, equities analysts forecast that Graham Corporation will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

About Graham

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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