Heritage Investors Management Corp Decreases Stock Holdings in Graham Co. (NYSE:GHM)

Heritage Investors Management Corp trimmed its stake in shares of Graham Co. (NYSE:GHM) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,598 shares of the industrial products company’s stock after selling 1,754 shares during the period. Heritage Investors Management Corp owned approximately 0.34% of Graham worth $1,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Ellsworth Advisors LLC raised its holdings in shares of Graham by 1.0% during the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 320 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Graham by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after buying an additional 620 shares during the period. Exchange Traded Concepts LLC grew its position in Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after buying an additional 2,774 shares during the period. SG Americas Securities LLC bought a new stake in Graham during the third quarter valued at approximately $112,000. Finally, Cubist Systematic Strategies LLC grew its position in Graham by 85.5% during the second quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock valued at $294,000 after buying an additional 4,811 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Graham Trading Up 2.4 %

Shares of NYSE GHM opened at $28.99 on Wednesday. The firm has a 50 day moving average of $29.85 and a 200 day moving average of $29.36. The firm has a market capitalization of $315.70 million, a price-to-earnings ratio of 63.89 and a beta of 0.56. Graham Co. has a 12-month low of $15.62 and a 12-month high of $34.72.

Graham (NYSE:GHM) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. The company had revenue of $49.95 million during the quarter, compared to analyst estimates of $50.00 million. Graham had a net margin of 2.60% and a return on equity of 5.26%. During the same period in the previous year, the business posted $0.25 earnings per share. Sell-side analysts predict that Graham Co. will post 0.95 EPS for the current 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.