Graham Co. (NYSE:GHM) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its holdings in Graham Co. (NYSE:GHM - Free Report) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,021 shares of the industrial products company's stock after selling 26,581 shares during the period. Wasatch Advisors LP owned about 2.78% of Graham worth $13,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GHM. Meeder Asset Management Inc. bought a new stake in shares of Graham in the 4th quarter worth approximately $31,000. Jones Financial Companies Lllp bought a new stake in Graham in the fourth quarter valued at $45,000. Russell Investments Group Ltd. boosted its holdings in shares of Graham by 18,025.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 1,442 shares during the period. Legal & General Group Plc grew its position in shares of Graham by 26.0% during 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Graham by 36.9% in 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 during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Graham Trading Up 2.3 %

GHM traded up $0.67 during trading hours on Tuesday, hitting $29.39. The company's stock had a trading volume of 5,880 shares, compared to its average volume of 80,827. The company has a 50-day simple moving average of $31.32 and a 200 day simple moving average of $37.08. The firm has a market capitalization of $320.44 million, a PE ratio of 35.41 and a beta of 0.65. Graham Co. has a fifty-two week low of $24.78 and a fifty-two week high of $52.00.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly 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%. Research analysts expect 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.