Graham Co. (NYSE:GHM) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in Graham Co. (NYSE:GHM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,623 shares of the industrial products company’s stock after selling 361 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Graham worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GHM. Meeder Asset Management Inc. acquired a new stake in Graham during the 4th quarter worth approximately $31,000. Arrowstreet Capital Limited Partnership raised its stake in Graham by 391.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 34,839 shares of the industrial products company’s stock worth $1,549,000 after acquiring an additional 27,744 shares during the period. JPMorgan Chase & Co. boosted its position in Graham by 37.3% during the 4th quarter. JPMorgan Chase & Co. now owns 53,506 shares of the industrial products company’s stock valued at $2,379,000 after purchasing an additional 14,526 shares during the period. EntryPoint Capital LLC bought a new position in shares of Graham during the fourth quarter worth about $301,000. Finally, Vanguard Group Inc. raised its holdings in shares of Graham by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after buying an additional 14,589 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Trading Down 1.0 %

Shares of Graham stock opened at $32.80 on Tuesday. Graham Co. has a 52 week low of $24.78 and a 52 week high of $52.00. The company’s 50-day moving average price is $30.51 and its two-hundred day moving average price is $37.11. The stock has a market cap of $357.62 million, a PE ratio of 39.52 and a beta of 0.65.

Graham (NYSE:GHM) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS 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, equities analysts predict that Graham Co. will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.