Franklin Resources Inc. Sells 14,122 Shares of Graham Co. (NYSE:GHM)

Franklin Resources Inc. trimmed its position in shares of Graham Co. (NYSE:GHM - Free Report) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,263 shares of the industrial products company's stock after selling 14,122 shares during the period. Franklin Resources Inc. owned approximately 1.12% of Graham worth $3,794,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in shares of Graham by 7.2% in the second quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company's stock valued at $8,833,000 after purchasing an additional 20,933 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 2,952 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Graham by 21.4% during the 2nd quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company's stock worth $5,858,000 after acquiring an additional 36,724 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Graham by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company's stock worth $5,630,000 after acquiring an additional 620 shares during the period. Finally, State Street Corp boosted its position in shares of 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 acquiring an additional 29,277 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th.

Graham Stock Up 7.3 %

NYSE:GHM traded up $2.98 during trading hours on Wednesday, reaching $43.86. The company had a trading volume of 86,697 shares, compared to its average volume of 71,785. The stock has a 50-day moving average of $38.87 and a two-hundred day moving average of $32.94. Graham Co. has a one year low of $18.15 and a one year high of $46.50. The firm has a market capitalization of $477.64 million, a PE ratio of 61.77 and a beta of 0.72.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same quarter last year, the business posted $0.04 earnings per share. As a group, sell-side analysts expect that Graham Co. will post 1.03 earnings per share for the current year.

Graham Company 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.