Bank of New York Mellon Corp Reduces Stock Position in Graham Co. (NYSE:GHM)

Bank of New York Mellon Corp reduced its holdings in shares of Graham Co. (NYSE:GHMFree Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,836 shares of the industrial products company’s stock after selling 832 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of Graham worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GHM. Ritholtz Wealth Management increased its holdings in shares of Graham by 23.9% in the third quarter. Ritholtz Wealth Management now owns 17,004 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 3,278 shares during the last quarter. Comerica Bank acquired a new stake in Graham during the second quarter worth $1,110,000. Osaic Holdings Inc. increased its stake in Graham by 2,480.0% during the second quarter. Osaic Holdings Inc. now owns 1,935 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 1,860 shares during the last quarter. Legato Capital Management LLC acquired a new stake in Graham during the second quarter worth $909,000. Finally, Gamco Investors INC. ET AL increased its stake in Graham by 5.4% during the second quarter. Gamco Investors INC. ET AL now owns 284,667 shares of the industrial products company’s stock worth $3,780,000 after acquiring an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet cut Graham from a “b-” rating to a “c” rating in a research note on Monday, November 6th.

Get Our Latest Research Report on GHM

Graham Price Performance

GHM opened at $22.94 on Friday. Graham Co. has a 52 week low of $10.77 and a 52 week high of $23.50. The business has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $17.39. The firm has a market cap of $248.44 million, a P/E ratio of 88.23 and a beta of 0.53.

Graham (NYSE:GHMGet Free Report) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. Graham had a return on equity of 2.73% and a net margin of 1.52%. The business had revenue of $43.82 million during the quarter, compared to analyst estimates of $37.88 million. During the same period last year, the business posted $0.03 earnings per share. Sell-side analysts expect that Graham Co. will post 0.31 earnings per share for the current year.

About Graham

(Free Report)

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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Institutional Ownership by Quarter for Graham (NYSE:GHM)

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