US Bancorp DE decreased its stake in Graham Co. (NYSE:GHM - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,179 shares of the industrial products company's stock after selling 9,925 shares during the period. US Bancorp DE owned about 0.07% of Graham worth $319,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its stake in Graham by 121.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 18,805 shares of the industrial products company's stock valued at $836,000 after purchasing an additional 10,314 shares during the last quarter. Bank of New York Mellon Corp increased its position in Graham by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 26,951 shares of the industrial products company's stock valued at $1,199,000 after acquiring an additional 2,414 shares during the period. Navellier & Associates Inc. increased its position in Graham by 143.8% in the 4th quarter. Navellier & Associates Inc. now owns 26,893 shares of the industrial products company's stock valued at $1,196,000 after acquiring an additional 15,863 shares during the period. Principal Financial Group Inc. increased its position in Graham by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock valued at $442,000 after acquiring an additional 960 shares during the period. Finally, Rhumbline Advisers increased its position in Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock valued at $462,000 after acquiring an additional 654 shares during the period. Institutional investors own 69.46% of the company's stock.
Graham Stock Performance
Shares of NYSE GHM opened at $31.21 on Friday. Graham Co. has a 52-week low of $24.16 and a 52-week high of $52.00. The firm has a 50 day moving average price of $39.90 and a two-hundred day moving average price of $37.06. The stock has a market cap of $340.23 million, a P/E ratio of 37.60 and a beta of 0.73.
Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. Analysts predict that Graham Co. will post 1.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Graham from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.
Check Out Our Latest Report on Graham
Graham Company Profile
(
Free Report)
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.
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