Franklin Resources Inc. Lowers Holdings in Graham Co. (NYSE:GHM)

Franklin Resources Inc. reduced its position in Graham Co. (NYSE:GHM - Free Report) by 48.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,450 shares of the industrial products company's stock after selling 58,813 shares during the period. Franklin Resources Inc. owned 0.58% of Graham worth $2,822,000 at the end of the most recent quarter.

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

Graham Trading Down 0.9 %

Shares of NYSE GHM traded down $0.29 during trading hours on Friday, hitting $29.84. 41,628 shares of the company traded hands, compared to its average volume of 81,125. The company's 50 day moving average price is $31.67 and its 200 day moving average price is $36.97. Graham Co. has a 12 month low of $24.78 and a 12 month high of $52.00. The stock has a market capitalization of $325.39 million, a price-to-earnings ratio of 35.96 and a beta of 0.65.

Graham (NYSE:GHM - Get Free Report) last released 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 return on equity of 9.35% and a net margin of 4.60%. Equities analysts anticipate that Graham Co. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Graham from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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.