Arrowstreet Capital Limited Partnership Purchases 27,744 Shares of Graham Co. (NYSE:GHM)

Arrowstreet Capital Limited Partnership increased its position in Graham Co. (NYSE:GHM - Free Report) by 391.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,839 shares of the industrial products company's stock after acquiring an additional 27,744 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.32% of Graham worth $1,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Graham by 22.6% in the third quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock worth $4,693,000 after purchasing an additional 29,277 shares in the last quarter. Wellington Management Group LLP purchased a new position in Graham in the 3rd quarter valued at approximately $1,103,000. JPMorgan Chase & Co. raised its holdings in Graham by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock valued at $1,153,000 after acquiring an additional 28,863 shares during the period. Barclays PLC lifted its position in shares of Graham by 36.5% during the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company's stock worth $458,000 after acquiring an additional 4,145 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Graham by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company's stock worth $866,000 after acquiring an additional 1,065 shares during the period. 69.46% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Graham Price Performance

NYSE:GHM traded down $0.05 during trading hours on Tuesday, hitting $29.63. The stock had a trading volume of 20,343 shares, compared to its average volume of 81,095. The firm has a market capitalization of $323.06 million, a price-to-earnings ratio of 35.70 and a beta of 0.65. Graham Co. has a one year low of $24.78 and a one year high of $52.00. The company has a 50 day simple moving average of $32.38 and a two-hundred day simple moving average of $37.07.

Graham (NYSE:GHM - Get Free Report) last posted 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%. Equities research analysts anticipate that Graham Co. will post 1.07 earnings per share for the current year.

Graham 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.