Marshall Wace LLP Reduces Stock Holdings in Graham Co. (NYSE:GHM)

Marshall Wace LLP lowered its position in Graham Co. (NYSE:GHM) by 41.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,286 shares of the industrial products company’s stock after selling 7,135 shares during the quarter. Marshall Wace LLP owned about 0.09% of Graham worth $290,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Graham in the second quarter valued at about $31,000. nVerses Capital LLC purchased a new position in Graham during the second quarter worth about $37,000. Lazard Asset Management LLC boosted its stake 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 buying an additional 4,245 shares during the period. XTX Topco Ltd purchased a new position in Graham during the second quarter worth about $255,000. Finally, Rhumbline Advisers boosted its stake in Graham by 3,033.9% during the second quarter. Rhumbline Advisers now owns 11,094 shares of the industrial products company’s stock worth $312,000 after buying an additional 10,740 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Up 3.0 %

Shares of NYSE:GHM opened at $30.92 on Friday. The firm’s 50 day moving average price is $29.64 and its 200 day moving average price is $29.29. The stock has a market cap of $336.13 million, a price-to-earnings ratio of 71.91 and a beta of 0.56. Graham Co. has a fifty-two week low of $15.01 and a fifty-two week high of $34.72.

Graham (NYSE:GHM) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.15. Graham had a net margin of 2.60% and a return on equity of 5.26%. The firm had revenue of $49.95 million for the quarter, compared to analysts’ expectations of $50.00 million. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that Graham Co. will post 0.95 EPS for the current year.

Analyst Ratings Changes

GHM has been the topic of several research reports. Noble Financial initiated coverage on shares of Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price target on the stock. StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

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.