Graham Co. (NYSE:GHM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 137.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,658 shares of the industrial products company's stock after purchasing an additional 79,671 shares during the quarter. American Century Companies Inc. owned approximately 1.26% of Graham worth $6,122,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its stake in Graham by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock worth $15,697,000 after acquiring an additional 1,750 shares in the last quarter. Geode Capital Management LLC grew its stake in Graham by 1.3% in the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company's stock worth $6,900,000 after purchasing an additional 2,952 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Graham by 4.5% during 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 purchasing an additional 7,673 shares during the period. State Street Corp raised its position in Graham by 22.6% during the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock valued at $4,693,000 after purchasing an additional 29,277 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Graham by 18.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,649 shares of the industrial products company's stock worth $3,364,000 after buying an additional 11,683 shares during the period. Hedge funds and other institutional investors own 69.46% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Graham Trading Up 11.6 %

Shares of GHM traded up $3.09 during mid-day trading on Wednesday, hitting $29.71. The company's stock had a trading volume of 73,124 shares, compared to its average volume of 81,129. The firm has a market capitalization of $323.97 million, a price-to-earnings ratio of 35.80 and a beta of 0.65. The company's 50-day moving average is $33.44 and its 200-day moving average is $37.01. Graham Co. has a 52-week low of $24.78 and a 52-week high of $52.00.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping 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%. As a group, 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.