Olstein Capital Management L.P. Has $601,000 Stake in Graham Co. (NYSE:GHM)

Olstein Capital Management L.P. lessened its stake in Graham Co. (NYSE:GHM) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,840 shares of the industrial products company’s stock after selling 4,660 shares during the quarter. Olstein Capital Management L.P.’s holdings in Graham were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GHM. Vanguard Group Inc. increased its holdings in shares of Graham by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock worth $29,083,000 after purchasing an additional 14,589 shares during the period. Renaissance Technologies LLC lifted its position in shares of Graham by 8.7% in the 4th quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company’s stock worth $16,693,000 after purchasing an additional 29,900 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Graham by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company’s stock valued at $15,697,000 after purchasing an additional 1,750 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Graham by 4.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company’s stock worth $8,002,000 after acquiring an additional 7,673 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Graham by 1,479.1% during the 4th quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company’s stock worth $7,043,000 after buying an additional 148,340 shares during the period. Institutional investors own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Graham from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Graham Stock Up 1.6%

Graham stock opened at $41.91 on Monday. The company’s 50 day moving average price is $33.66 and its two-hundred day moving average price is $37.66. The stock has a market cap of $456.94 million, a P/E ratio of 50.49 and a beta of 0.85. Graham Co. has a 52 week low of $24.78 and a 52 week high of $52.00.

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.