Millennium Management LLC Has $335,000 Stake in Graham Co. (NYSE:GHM)

Millennium Management LLC trimmed its position in Graham Co. (NYSE:GHM - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,541 shares of the industrial products company's stock after selling 57,823 shares during the period. Millennium Management LLC owned about 0.07% of Graham worth $335,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Graham in the 4th quarter valued at $31,000. Jones Financial Companies Lllp purchased a new stake in Graham during the 4th quarter worth approximately $45,000. Russell Investments Group Ltd. raised its holdings in Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 1,442 shares in the last quarter. Legal & General Group Plc grew its stake in Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after purchasing an additional 536 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in Graham during the 4th quarter worth approximately $172,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Graham Price Performance

NYSE GHM traded up $0.84 on Thursday, hitting $46.72. 14,314 shares of the company were exchanged, compared to its average volume of 83,022. The firm has a market capitalization of $509.39 million, a P/E ratio of 56.29 and a beta of 0.85. Graham Co. has a twelve month low of $24.78 and a twelve month high of $52.00. The company's 50 day moving average price is $34.71 and its 200-day moving average price is $37.77.

Graham (NYSE:GHM - Get Free Report) last issued its earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.17. Graham had a return on equity of 9.35% and a net margin of 4.60%. The company had revenue of $59.35 million for the quarter, compared to analyst estimates of $55.67 million. As a group, equities analysts expect that Graham Co. will post 1.07 EPS for the current 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.