Graham Co. (NYSE:GHM) Stock Position Lowered by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC reduced its holdings in shares of Graham Co. (NYSE:GHM - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,716 shares of the industrial products company's stock after selling 49,537 shares during the quarter. Graham accounts for 1.1% of Essex Investment Management Co. LLC's portfolio, making the stock its 19th largest position. Essex Investment Management Co. LLC owned about 1.29% of Graham worth $6,258,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GHM. XTX Topco Ltd grew its position in Graham by 5.7% in the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock valued at $283,000 after acquiring an additional 513 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Graham by 6.7% during the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock valued at $462,000 after buying an additional 654 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Graham by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after buying an additional 960 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Graham in the fourth quarter valued at $45,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Graham by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company's stock valued at $866,000 after acquiring an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company's stock.

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Graham Price Performance

Shares of GHM stock traded down $0.96 on Thursday, hitting $31.21. 60,886 shares of the stock traded hands, compared to its average volume of 123,700. The company has a market capitalization of $340.23 million, a PE ratio of 37.60 and a beta of 0.73. The company's fifty day moving average is $39.90 and its 200 day moving average is $37.06. Graham Co. has a 1-year low of $24.16 and a 1-year high of $52.00.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) 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, equities research analysts expect that Graham Co. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

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

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.