Graham Co. (NYSE:GHM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in Graham Co. (NYSE:GHMFree Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,879 shares of the industrial products company’s stock after selling 17,267 shares during the period. Franklin Resources Inc. owned approximately 2.21% of Graham worth $4,532,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GHM. Barclays PLC acquired a new stake in Graham in the 3rd quarter valued at $87,000. First Eagle Investment Management LLC boosted its position in Graham by 14.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 263,275 shares of the industrial products company’s stock valued at $4,370,000 after buying an additional 33,599 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Graham by 5.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 298,935 shares of the industrial products company’s stock valued at $4,962,000 after buying an additional 14,268 shares during the last quarter. Citigroup Inc. purchased a new position in Graham in the 3rd quarter valued at about $536,000. Finally, Acadian Asset Management LLC boosted its position in Graham by 88.7% in the 3rd quarter. Acadian Asset Management LLC now owns 124,295 shares of the industrial products company’s stock valued at $2,061,000 after buying an additional 58,441 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

NYSE:GHM opened at $27.05 on Friday. The firm has a 50-day moving average of $28.76 and a two-hundred day moving average of $23.57. The stock has a market cap of $292.95 million, a P/E ratio of 104.04 and a beta of 0.58. Graham Co. has a 1-year low of $11.03 and a 1-year high of $34.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research report on Monday, May 27th.

Check Out Our Latest Report on Graham

About Graham

(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.

See Also

Want to see what other hedge funds are holding GHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Co. (NYSE:GHMFree Report).

Institutional Ownership by Quarter for Graham (NYSE:GHM)

Receive News & Ratings for Graham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham and related companies with MarketBeat.com's FREE daily email newsletter.