Navellier & Associates Inc. Sells 7,825 Shares of Graham Co. (NYSE:GHM)

Navellier & Associates Inc. decreased its holdings in shares of Graham Co. (NYSE:GHM) by 41.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,030 shares of the industrial products company’s stock after selling 7,825 shares during the quarter. Navellier & Associates Inc.’s holdings in Graham were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ellsworth Advisors LLC raised its position in shares of 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 during the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Graham by 0.3% in 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 buying an additional 620 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Graham in the 2nd quarter valued at $31,000. nVerses Capital LLC acquired a new position in shares of Graham in the 2nd quarter valued at $37,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Graham by 57.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after buying an additional 2,774 shares during the period. Institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

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

Graham Stock Up 2.8 %

Shares of GHM stock opened at $44.55 on Friday. Graham Co. has a 12-month low of $17.02 and a 12-month high of $44.73. The firm has a market capitalization of $485.15 million, a price-to-earnings ratio of 62.75 and a beta of 0.56. The firm has a fifty day moving average of $32.55 and a 200-day moving average of $30.44.

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 analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same period in the prior year, the business earned $0.04 EPS. Research analysts expect 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.