Royce & Associates LP Sells 39,274 Shares of Graham Co. (NYSE:GHM)

Royce & Associates LP reduced its position in shares of Graham Co. (NYSE:GHM) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 388,024 shares of the industrial products company’s stock after selling 39,274 shares during the quarter. Royce & Associates LP owned about 3.56% of Graham worth $17,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in Graham in the third quarter valued at approximately $266,000. Los Angeles Capital Management LLC acquired a new position in shares of Graham in the 3rd quarter valued at $251,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Graham by 17.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock worth $1,893,000 after purchasing an additional 9,466 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Graham by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 1,065 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,374 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Up 2.3 %

Shares of NYSE GHM opened at $32.02 on Monday. Graham Co. has a twelve month low of $24.16 and a twelve month high of $52.00. The company’s fifty day moving average is $39.33 and its 200-day moving average is $37.10. The stock has a market cap of $349.10 million, a price-to-earnings ratio of 38.58 and a beta of 0.73.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. On average, research analysts anticipate that Graham Co. will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Graham from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

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.