Legato Capital Management LLC Trims Stock Holdings in Graham Co. (NYSE:GHM)

Legato Capital Management LLC trimmed its holdings in Graham Co. (NYSE:GHM) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,114 shares of the industrial products company’s stock after selling 22,597 shares during the quarter. Legato Capital Management LLC owned approximately 0.39% of Graham worth $1,873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings 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 worth $4,693,000 after buying an additional 29,277 shares during the period. Wellington Management Group LLP purchased a new position in Graham during the 3rd quarter worth $1,103,000. JPMorgan Chase & Co. increased its holdings in Graham by 285.3% during 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 during the period. Barclays PLC increased its holdings in Graham by 36.5% during the 3rd quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 4,145 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in Graham by 85.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 4,811 shares during the period. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Down 1.8 %

GHM opened at $38.35 on Wednesday. The stock’s fifty day moving average is $44.11 and its two-hundred day moving average is $36.55. The company has a market capitalization of $417.58 million, a P/E ratio of 54.01 and a beta of 0.71. Graham Co. has a 52 week low of $22.09 and a 52 week high of $52.00.

Graham (NYSE:GHM) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. Equities analysts anticipate that Graham Co. will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a “buy” rating to a “hold” rating in a report on Tuesday.

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.