Graham Co. (NYSE:GHM) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. lessened its holdings in shares of Graham Co. (NYSE:GHM) by 29.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,500 shares of the industrial products company’s stock after selling 10,500 shares during the quarter. Olstein Capital Management L.P. owned approximately 0.23% of Graham worth $1,134,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Graham in the 3rd quarter valued at about $112,000. BNP Paribas Financial Markets increased its position in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares during the last quarter. MetLife Investment Management LLC raised its stake in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 3,388 shares during the period. Exchange Traded Concepts LLC raised its stake in Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,774 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Graham in the 3rd quarter valued at $251,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Down 0.6 %

GHM stock opened at $46.77 on Friday. The company has a market cap of $509.27 million, a price-to-earnings ratio of 65.87 and a beta of 0.73. The business has a fifty day simple moving average of $44.00 and a 200-day simple moving average of $35.38. Graham Co. has a 52 week low of $18.90 and a 52 week high of $49.28.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, analysts expect that Graham Co. will post 1.03 earnings per share for the current fiscal 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.