FFG Retirement Advisors LLC Reduces Position in Graham Co. (NYSE:GHM)

FFG Retirement Advisors LLC lessened its holdings in shares of Graham Co. (NYSE:GHM) 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.

Graham (NYSE:GHM) last posted its quarterly 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 business had revenue of $49.95 million during the quarter, compared to analysts’ expectations of $50.00 million. During the same quarter in the prior year, the company posted $0.25 EPS. Equities analysts expect that Graham Co. will post 0.95 earnings per share for the current fiscal year.

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.

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.