Graham Co. (NYSE:GHM) Stock Holdings Lessened by Olstein Capital Management L.P.

Olstein Capital Management L.P. cut its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 29.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,500 shares of the industrial products company's stock after selling 10,500 shares during the period. Olstein Capital Management L.P. owned approximately 0.23% of Graham worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Graham during the third quarter worth $112,000. BNP Paribas Financial Markets increased its stake in Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after buying an additional 1,374 shares during the period. MetLife Investment Management LLC lifted its holdings in Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock worth $178,000 after buying an additional 3,388 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Graham by 57.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company's stock valued at $225,000 after buying an additional 2,774 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Graham during the third quarter valued at about $251,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Stock Performance

Shares of NYSE:GHM traded down $0.29 during trading on Friday, hitting $46.77. The company's stock had a trading volume of 57,833 shares, compared to its average volume of 76,318. The company has a market capitalization of $509.27 million, a PE ratio of 65.87 and a beta of 0.73. Graham Co. has a fifty-two week low of $18.90 and a fifty-two week high of $49.28. The stock's 50-day moving average price is $44.00 and its two-hundred day moving average price is $35.44.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. During the same period in the prior year, the company posted $0.04 EPS. On average, equities analysts predict that Graham Co. will post 1.03 earnings per share 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.