FFG Retirement Advisors LLC lessened its holdings in shares of Graham Co. (NYSE:GHM – Free Report) by 3.5% in the 3rd quarter, Holdings Channel reports. The fund owned 69,926 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Graham accounts for 1.3% of FFG Retirement Advisors LLC’s holdings, making the stock its 27th largest holding. FFG Retirement Advisors LLC’s holdings in Graham were worth $2,069,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Ellsworth Advisors LLC grew its stake in Graham by 1.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 320 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in Graham by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after acquiring an additional 620 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Graham during the 2nd quarter valued at about $31,000. nVerses Capital LLC purchased a new stake in Graham during the 2nd quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC grew its stake in Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,774 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.
Graham Price Performance
Graham stock opened at $29.50 on Friday. The firm has a 50 day simple moving average of $30.02 and a 200-day simple moving average of $29.39. Graham Co. has a 1-year low of $15.18 and a 1-year high of $34.72. The stock has a market cap of $320.69 million, a price-to-earnings ratio of 68.60 and a beta of 0.56.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.
Read Our Latest Stock Analysis on GHM
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.
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