Graham Co. (NYSE:GHM) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Graham Co. (NYSE:GHM - Free Report) by 391.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,839 shares of the industrial products company's stock after acquiring an additional 27,744 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.32% of Graham worth $1,549,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Graham by 22.6% during the third quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock valued at $4,693,000 after acquiring an additional 29,277 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Graham during the 3rd quarter valued at about $1,103,000. JPMorgan Chase & Co. increased its position in Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock worth $1,153,000 after purchasing an additional 28,863 shares during the last quarter. Barclays PLC grew its stake in shares of Graham by 36.5% in the 3rd quarter. Barclays PLC now owns 15,498 shares of the industrial products company's stock valued at $458,000 after buying an additional 4,145 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Graham by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company's stock worth $866,000 after buying an additional 1,065 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Graham Price Performance

Shares of NYSE:GHM traded down $0.36 during mid-day trading on Wednesday, reaching $29.62. 1,476 shares of the company were exchanged, compared to its average volume of 80,888. Graham Co. has a 1 year low of $24.78 and a 1 year high of $52.00. The firm's 50-day simple moving average is $32.04 and its 200 day simple moving average is $37.02. The firm has a market cap of $322.95 million, a price-to-earnings ratio of 35.81 and a beta of 0.65.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share 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 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.