Brandes Investment Partners LP Sells 29,621 Shares of Graham Co. (NYSE:GHM)

Brandes Investment Partners LP reduced its holdings in shares of Graham Co. (NYSE:GHM) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,103,835 shares of the industrial products company’s stock after selling 29,621 shares during the quarter. Brandes Investment Partners LP owned approximately 10.14% of Graham worth $49,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GHM. Wellington Management Group LLP bought a new position in shares of Graham during the 3rd quarter worth approximately $1,103,000. State Street Corp grew its stake in shares of Graham by 22.6% in the third quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock valued at $4,693,000 after buying an additional 29,277 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Graham by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after buying an additional 28,863 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Graham by 291.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock valued at $1,325,000 after buying an additional 22,176 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Graham in the fourth quarter valued at $814,000. 69.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Trading Up 2.3 %

NYSE:GHM opened at $32.02 on Friday. Graham Co. has a 1-year low of $24.16 and a 1-year high of $52.00. The firm has a fifty day simple moving average of $39.33 and a 200 day simple moving average of $37.02. The stock has a market capitalization of $349.10 million, a PE ratio of 38.58 and a beta of 0.73.

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

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.