Wasatch Advisors LP Sells 26,581 Shares of Graham Co. (NYSE:GHM)

Wasatch Advisors LP decreased its position in Graham Co. (NYSE:GHM - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,021 shares of the industrial products company's stock after selling 26,581 shares during the quarter. Wasatch Advisors LP owned approximately 2.78% of Graham worth $13,475,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. XTX Topco Ltd grew its holdings in shares of Graham by 5.7% during the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock worth $283,000 after purchasing an additional 513 shares in the last quarter. Legal & General Group Plc grew its stake in Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after buying an additional 536 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock worth $462,000 after buying an additional 654 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Graham during the 4th quarter valued at $31,000. Finally, Principal Financial Group Inc. raised its position in shares of Graham by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock valued at $442,000 after buying an additional 960 shares in the last quarter. 69.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Graham Trading Down 0.9 %

Shares of GHM stock traded down $0.29 during trading hours on Friday, hitting $29.84. 41,628 shares of the company's stock were exchanged, compared to its average volume of 81,265. Graham Co. has a 12-month low of $24.78 and a 12-month high of $52.00. The company has a market capitalization of $325.39 million, a PE ratio of 35.96 and a beta of 0.65. The business's 50 day simple moving average is $31.50 and its 200-day simple moving average is $37.03.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Graham Co. will post 1.07 EPS 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.