Thomson Horstmann & Bryant Inc. raised its holdings in shares of Graham Co. (NYSE:GHM) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 486,877 shares of the industrial products company’s stock after purchasing an additional 13,428 shares during the period. Graham comprises about 1.3% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 23rd largest holding. Thomson Horstmann & Bryant Inc. owned approximately 4.98% of Graham worth $10,190,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of Graham by 18.9% during the third quarter. Algert Global LLC now owns 30,469 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 4,843 shares during the last quarter. Royce & Associates LP lifted its holdings in Graham by 17.5% in the third quarter. Royce & Associates LP now owns 233,616 shares of the industrial products company’s stock worth $4,866,000 after purchasing an additional 34,729 shares during the period. King Luther Capital Management Corp lifted its holdings in Graham by 71.3% in the third quarter. King Luther Capital Management Corp now owns 72,300 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 30,100 shares during the period. OxFORD Asset Management LLP lifted its holdings in Graham by 26.5% in the third quarter. OxFORD Asset Management LLP now owns 32,632 shares of the industrial products company’s stock worth $688,000 after purchasing an additional 6,833 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Graham by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 427,463 shares of the industrial products company’s stock worth $8,904,000 after purchasing an additional 30,941 shares during the period. Institutional investors and hedge funds own 75.03% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th.
Graham Co. (NYSE GHM) traded down $0.22 during mid-day trading on Wednesday, reaching $22.31. 43,100 shares of the company’s stock were exchanged, compared to its average volume of 45,580. Graham Co. has a 52 week low of $17.97 and a 52 week high of $24.34. The stock has a market capitalization of $220.09, a price-to-earnings ratio of 47.47 and a beta of 1.05.
Graham (NYSE:GHM) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Graham had a net margin of 5.31% and a return on equity of 4.25%. The company had revenue of $17.20 million during the quarter, compared to analyst estimates of $16.73 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 18.5% on a year-over-year basis.
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Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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