Legato Capital Management LLC Has $1.87 Million Stock Position in Graham Co. (NYSE:GHM)

Legato Capital Management LLC reduced its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,114 shares of the industrial products company's stock after selling 22,597 shares during the period. Legato Capital Management LLC owned 0.39% of Graham worth $1,873,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Graham by 1.3% during the third 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. State Street Corp grew its position 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 valued at $4,693,000 after purchasing an additional 29,277 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Graham by 17.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company's stock valued at $1,893,000 after purchasing an additional 9,466 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Graham by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock valued at $1,153,000 after purchasing an additional 28,863 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Graham in the third quarter valued at about $1,103,000. 69.46% of the stock is currently owned by institutional investors.

Graham Trading Down 0.6 %

GHM stock traded down $0.22 during trading on Friday, reaching $37.49. 104,189 shares of the stock were exchanged, compared to its average volume of 82,178. Graham Co. has a twelve month low of $22.67 and a twelve month high of $52.00. The company has a market capitalization of $408.31 million, a P/E ratio of 52.81 and a beta of 0.71. The stock has a 50 day simple moving average of $43.74 and a 200-day simple moving average of $36.60.

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 7.91% and a net margin of 3.95%. Equities analysts predict that Graham Co. will post 1.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a research report on Tuesday.

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.