Kennedy Capital Management LLC Sells 2,392 Shares of Graham Co. (NYSE:GHM)

Kennedy Capital Management LLC cut its stake in Graham Co. (NYSE:GHM) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,068 shares of the industrial products company’s stock after selling 2,392 shares during the period. Kennedy Capital Management LLC’s holdings in Graham were worth $5,339,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Graham in the fourth quarter worth $31,000. Jones Financial Companies Lllp bought a new position in shares of Graham during the fourth quarter valued at approximately $45,000. Russell Investments Group Ltd. boosted its position in shares of Graham by 18,025.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 1,442 shares in the last quarter. Legal & General Group Plc grew its stake in shares of 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 valued at $151,000 after buying an additional 1,374 shares in the last quarter. 69.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Stock Performance

NYSE:GHM opened at $29.87 on Friday. The firm has a 50-day simple moving average of $32.78 and a two-hundred day simple moving average of $37.01. The firm has a market cap of $325.66 million, a P/E ratio of 35.99 and a beta of 0.65. Graham Co. has a fifty-two week low of $24.78 and a fifty-two week high of $52.00.

Graham (NYSE:GHM) last announced its quarterly earnings data 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 net margin of 4.60% and a return on equity of 9.35%. On average, equities research analysts predict that Graham Co. will post 1.07 EPS for the current year.

About Graham

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.