Graham Corporation (NYSE:GHM) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY decreased its position in shares of Graham Corporation (NYSE:GHM - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings in shares of Graham by 26.0% during the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after buying an additional 536 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Graham by 6.7% during the fourth quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock worth $462,000 after buying an additional 654 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Graham during the fourth quarter worth about $31,000. Principal Financial Group Inc. grew its holdings in shares of Graham by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after buying an additional 960 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Graham during the first quarter worth about $29,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Stock Performance

NYSE:GHM traded up $1.77 during mid-day trading on Thursday, reaching $49.77. The stock had a trading volume of 98,451 shares, compared to its average volume of 84,530. The firm has a market capitalization of $544.98 million, a price-to-earnings ratio of 44.84 and a beta of 0.85. Graham Corporation has a twelve month low of $24.78 and a twelve month high of $52.00. The business has a 50 day simple moving average of $38.71 and a 200 day simple moving average of $38.01.

Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The industrial products company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.17. The firm had revenue of $59.35 million during the quarter, compared to the consensus estimate of $55.67 million. Graham had a net margin of 5.83% and a return on equity of 12.07%. As a group, sell-side analysts expect that Graham Corporation will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

GHM has been the topic of a number of research reports. Northland Securities assumed coverage on Graham in a report on Monday. They set an "outperform" rating and a $55.00 price target on the stock. Wall Street Zen downgraded shares of Graham from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Northland Capmk upgraded shares of Graham to a "strong-buy" rating in a research report on Monday.

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.