Cobblestone Capital Advisors LLC NY Trims Holdings in Graham Co. (NYSE:GHM)

Cobblestone Capital Advisors LLC NY trimmed its stake in Graham Co. (NYSE:GHM) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 187,289 shares of the industrial products company’s stock after selling 500 shares during the period. Cobblestone Capital Advisors LLC NY owned about 1.72% of Graham worth $8,329,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new stake in shares of Graham in the 4th quarter valued at approximately $203,000. SG Americas Securities LLC grew its holdings in shares of Graham by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 1,374 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Graham by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 3,388 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Graham during the 3rd quarter worth approximately $251,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Graham Trading Up 3.6 %

Shares of Graham stock opened at $33.87 on Friday. The company has a fifty day simple moving average of $41.94 and a 200-day simple moving average of $36.91. Graham Co. has a 12-month low of $23.29 and a 12-month high of $52.00. The stock has a market cap of $369.28 million, a price-to-earnings ratio of 40.81 and a beta of 0.71.

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

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.