Graham Co. (NYSE:GHM) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in Graham Co. (NYSE:GHM) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,492 shares of the industrial products company’s stock after selling 4,592 shares during the quarter. Atria Investments Inc owned about 0.20% of Graham worth $636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GHM. Acadian Asset Management LLC grew its position in Graham by 21.4% in the 2nd quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock valued at $5,858,000 after acquiring an additional 36,724 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Graham in the second quarter valued at approximately $904,000. Sanctuary Advisors LLC acquired a new position in shares of Graham in the second quarter valued at approximately $635,000. First Eagle Investment Management LLC increased its stake in Graham by 7.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock worth $8,833,000 after buying an additional 20,933 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in Graham during the 2nd quarter worth approximately $469,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Graham Stock Performance

Graham stock opened at $42.68 on Wednesday. The company has a market capitalization of $464.79 million, a P/E 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. The stock has a 50-day simple moving average of $31.69 and a 200-day simple moving average of $30.15.

Graham (NYSE:GHM) last announced 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. Graham had a net margin of 3.95% and a return on equity of 7.91%. The business had revenue of $53.56 million during the quarter, compared to the consensus estimate of $50.50 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, analysts forecast that Graham Co. will post 1.03 earnings per share 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.