Graham Co. (NYSE:GHM) Position Cut by Atria Investments Inc

Atria Investments Inc decreased its position in shares of Graham Co. (NYSE:GHM) by 17.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,492 shares of the industrial products company’s stock after selling 4,592 shares during the quarter. Atria Investments Inc’s holdings in Graham were worth $636,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GHM. Itau Unibanco Holding S.A. acquired a new stake in Graham in the second quarter worth approximately $31,000. nVerses Capital LLC acquired a new stake in shares of Graham in the second quarter valued at $37,000. SG Americas Securities LLC bought a new position in Graham during the third quarter valued at about $112,000. Lazard Asset Management LLC grew its holdings in Graham by 8,163.5% during the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,245 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings 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 worth $225,000 after acquiring an additional 2,774 shares during the period. Institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of GHM opened at $42.68 on Wednesday. The business’s 50-day moving average is $31.69 and its 200-day moving average is $30.15. The company has a market capitalization of $464.79 million, a price-to-earnings ratio of 60.11 and a beta of 0.56. Graham Co. has a fifty-two week low of $17.02 and a fifty-two week high of $42.76.

Graham (NYSE:GHM) last issued its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same period in the prior year, the firm posted $0.04 EPS. Equities research analysts expect that Graham Co. will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.