Graham Co. (NYSE:GHM) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in Graham Co. (NYSE:GHM) by 34.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,114 shares of the industrial products company’s stock after selling 22,597 shares during the quarter. Legato Capital Management LLC’s holdings in Graham were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GHM. Wellington Management Group LLP acquired a new stake in shares of Graham in the 3rd quarter worth $1,103,000. State Street Corp boosted its position in shares of Graham by 22.6% in the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after purchasing an additional 29,277 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 28,863 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Graham in the 2nd quarter worth $635,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Graham by 291.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock worth $1,325,000 after purchasing an additional 22,176 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a research note on Tuesday.

Graham Price Performance

Shares of GHM stock opened at $38.35 on Wednesday. The business has a fifty day moving average of $44.11 and a 200 day moving average of $36.55. The firm has a market capitalization of $417.58 million, a price-to-earnings ratio of 54.01 and a beta of 0.71. Graham Co. has a 1 year low of $22.09 and a 1 year high of $52.00.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. As a group, equities research analysts expect that Graham Co. will post 1.03 earnings per share for the current year.

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.