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

FFG Retirement Advisors LLC cut its stake in shares of Graham Co. (NYSE:GHM) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,926 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Graham comprises approximately 1.3% of FFG Retirement Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. FFG Retirement Advisors LLC owned 0.64% of Graham worth $2,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Ellsworth Advisors LLC lifted its position in Graham by 1.0% during the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 320 shares during the period. Essex Investment Management Co. LLC lifted its position in Graham by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Graham during the second quarter valued at $31,000. nVerses Capital LLC acquired a new position in Graham during the second quarter valued at $37,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 2,774 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Performance

Shares of Graham stock opened at $29.50 on Friday. The firm has a 50-day simple moving average of $30.02 and a two-hundred day simple moving average of $29.39. The company has a market cap of $320.69 million, a P/E ratio of 68.60 and a beta of 0.56. Graham Co. has a fifty-two week low of $15.18 and a fifty-two week high of $34.72.

Graham (NYSE:GHM) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $50.00 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Graham Co. will post 0.95 EPS for the current year.

Analyst Ratings Changes

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

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.