Teton Advisors Inc. Sells 30,000 Shares of Graham Co. (NYSE:GHM)

Teton Advisors Inc. lessened its position in shares of Graham Co. (NYSE:GHM - Free Report) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,000 shares of the industrial products company's stock after selling 30,000 shares during the quarter. Graham makes up about 1.6% of Teton Advisors Inc.'s investment portfolio, making the stock its 16th largest position. Teton Advisors Inc. owned 0.62% of Graham worth $3,024,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GHM. Vanguard Group Inc. raised its stake in shares of Graham by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company's stock valued at $29,083,000 after buying an additional 14,589 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Graham by 8.7% during the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock worth $16,693,000 after purchasing an additional 29,900 shares during the period. First Eagle Investment Management LLC boosted its holdings in Graham by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock valued at $15,697,000 after purchasing an additional 1,750 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Graham by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company's stock valued at $6,900,000 after purchasing an additional 2,952 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Graham by 4.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company's stock worth $8,002,000 after buying an additional 7,673 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Graham Stock Down 0.9 %

NYSE:GHM traded down $0.29 on Friday, reaching $29.84. The stock had a trading volume of 41,628 shares, compared to its average volume of 81,265. The company has a market capitalization of $325.39 million, a P/E ratio of 35.96 and a beta of 0.65. Graham Co. has a 1-year low of $24.78 and a 1-year high of $52.00. The stock has a fifty day moving average price of $31.50 and a 200-day moving average price of $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, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Sell-side analysts predict that Graham Co. will post 1.07 earnings per share for the current fiscal year.

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.