EAM Investors LLC Lowers Stake in Graham Co. (NYSE:GHM)

EAM Investors LLC lowered its position in shares of Graham Co. (NYSE:GHM - Free Report) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,397 shares of the industrial products company's stock after selling 8,454 shares during the quarter. EAM Investors LLC owned about 0.14% of Graham worth $685,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after acquiring an additional 536 shares in the last quarter. Rhumbline Advisers lifted its stake in Graham by 6.7% during the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock valued at $462,000 after acquiring an additional 654 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Graham during the 4th quarter valued at about $31,000. Principal Financial Group Inc. grew its stake in shares of Graham by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after acquiring an additional 960 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of Graham during the fourth quarter valued at approximately $45,000. Institutional investors own 69.46% of the company's stock.

Graham Stock Up 2.6 %

NYSE:GHM traded up $0.78 on Wednesday, hitting $30.40. The stock had a trading volume of 16,143 shares, compared to its average volume of 80,688. Graham Co. has a 52-week low of $24.78 and a 52-week high of $52.00. The stock has a market cap of $331.45 million, a price-to-earnings ratio of 36.63 and a beta of 0.65. The business's 50-day simple moving average is $31.16 and its two-hundred day simple moving average is $37.03.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. As a group, equities research analysts anticipate that Graham Co. will post 1.07 EPS for the current year.

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, February 27th.

About Graham

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.