Vanguard Group Inc. Purchases 14,589 Shares of Graham Co. (NYSE:GHM)

Vanguard Group Inc. lifted its stake in shares of Graham Co. (NYSE:GHM) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,991 shares of the industrial products company’s stock after acquiring an additional 14,589 shares during the quarter. Vanguard Group Inc. owned approximately 6.01% of Graham worth $29,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of Graham by 35.2% in the fourth quarter. LPL Financial LLC now owns 18,315 shares of the industrial products company’s stock valued at $814,000 after buying an additional 4,769 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Graham by 2.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 104,742 shares of the industrial products company’s stock worth $4,658,000 after purchasing an additional 2,470 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Graham by 137.4% in the fourth quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock worth $6,122,000 after purchasing an additional 79,671 shares during the period. Globeflex Capital L P bought a new stake in Graham during the fourth quarter valued at approximately $300,000. Finally, First Eagle Investment Management LLC raised its holdings in shares of Graham by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company’s stock valued at $15,697,000 after buying an additional 1,750 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Trading Down 0.6 %

Shares of NYSE GHM opened at $29.77 on Tuesday. Graham Co. has a 12 month low of $24.78 and a 12 month high of $52.00. The firm has a market capitalization of $324.58 million, a PE ratio of 35.87 and a beta of 0.65. The firm has a fifty day simple moving average of $32.38 and a two-hundred day simple moving average of $37.07.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. On average, sell-side analysts predict that Graham Co. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

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

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.