Essex Investment Management Co. LLC Lowers Holdings in Graham Co. (NYSE:GHM)

Essex Investment Management Co. LLC lowered its holdings in Graham Co. (NYSE:GHM) by 26.0% in the 4th quarter, Holdings Channel reports. The firm owned 140,716 shares of the industrial products company’s stock after selling 49,537 shares during the period. Graham accounts for 1.1% of Essex Investment Management Co. LLC’s portfolio, making the stock its 19th biggest holding. Essex Investment Management Co. LLC’s holdings in Graham were worth $6,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GHM. Principal Financial Group Inc. purchased a new position in shares of Graham in the third quarter worth $266,000. Los Angeles Capital Management LLC purchased a new position in shares of Graham in the third quarter worth $251,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Graham by 17.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock worth $1,893,000 after purchasing an additional 9,466 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Graham by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after acquiring an additional 1,065 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 1,374 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of GHM opened at $32.15 on Friday. Graham Co. has a one year low of $23.67 and a one year high of $52.00. The firm has a market capitalization of $350.48 million, a P/E ratio of 38.73 and a beta of 0.73. The business has a fifty day moving average of $40.70 and a 200 day moving average of $37.04.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping 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%. Analysts expect that Graham Co. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Graham 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.