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

Wasatch Advisors LP reduced its stake in shares of Graham Co. (NYSE:GHM) by 8.1% in the fourth quarter, Holdings Channel reports. The fund owned 303,021 shares of the industrial products company’s stock after selling 26,581 shares during the quarter. Wasatch Advisors LP’s holdings in Graham were worth $13,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of GHM. Barclays PLC increased its position in Graham by 8.0% in the fourth quarter. Barclays PLC now owns 16,739 shares of the industrial products company’s stock worth $744,000 after buying an additional 1,241 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Graham in the 4th quarter valued at about $814,000. Renaissance Technologies LLC lifted its holdings in Graham by 8.7% during the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company’s stock valued at $16,693,000 after purchasing an additional 29,900 shares during the last quarter. Legal & General Group Plc boosted its position in Graham by 26.0% during the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 536 shares during the period. Finally, Invesco Ltd. raised its position in shares of Graham by 1,479.1% in the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company’s stock valued at $7,043,000 after purchasing an additional 148,340 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

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

Graham Stock Up 0.9 %

GHM stock opened at $30.24 on Thursday. Graham Co. has a twelve month low of $24.78 and a twelve month high of $52.00. The firm has a market capitalization of $329.71 million, a PE ratio of 36.43 and a beta of 0.65. The stock has a 50-day simple moving average of $31.85 and a two-hundred day simple moving average of $36.97.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Graham Co. will post 1.07 EPS for the current fiscal 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.