Franklin Resources Inc. Trims Holdings in Graham Co. (NYSE:GHM)

Franklin Resources Inc. trimmed its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,450 shares of the industrial products company's stock after selling 58,813 shares during the quarter. Franklin Resources Inc. owned 0.58% of Graham worth $2,822,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GHM. Vanguard Group Inc. boosted its holdings in Graham by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company's stock valued at $29,083,000 after purchasing an additional 14,589 shares during the period. First Eagle Investment Management LLC grew its position in Graham by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock worth $15,697,000 after buying an additional 1,750 shares in the last quarter. Geode Capital Management LLC increased its stake in Graham by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company's stock worth $6,900,000 after acquiring an additional 2,952 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Graham by 4.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company's stock valued at $8,002,000 after acquiring an additional 7,673 shares in the last quarter. 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 during the last quarter. Institutional investors own 69.46% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Graham Price Performance

NYSE GHM traded up $0.26 during trading hours on Tuesday, reaching $29.94. 41,786 shares of the stock traded hands, compared to its average volume of 81,204. The stock has a 50 day simple moving average of $32.04 and a two-hundred day simple moving average of $37.02. Graham Co. has a 1 year low of $24.78 and a 1 year high of $52.00. The company has a market cap of $326.44 million, a price-to-earnings ratio of 36.07 and a beta of 0.65.

Graham (NYSE:GHM - Get Free Report) last released 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%. On average, sell-side analysts forecast that Graham Co. will post 1.07 EPS for the current fiscal 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.