Franklin Resources Inc. Lowers Position in Graham Co. (NYSE:GHM)

Franklin Resources Inc. decreased its stake in shares of Graham Co. (NYSE:GHM - Get Rating) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,409 shares of the industrial products company's stock after selling 98,988 shares during the quarter. Franklin Resources Inc. owned about 1.39% of Graham worth $1,418,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GHM. Diamond Hill Capital Management Inc. increased its holdings in shares of Graham by 355.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 135,526 shares of the industrial products company's stock worth $1,304,000 after purchasing an additional 105,794 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Graham by 49.3% in the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company's stock worth $2,213,000 after acquiring an additional 94,744 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Graham in the third quarter worth $652,000. Brandes Investment Partners LP grew its holdings in shares of Graham by 6.5% in the third quarter. Brandes Investment Partners LP now owns 1,082,057 shares of the industrial products company's stock worth $9,511,000 after acquiring an additional 66,069 shares during the period. Finally, Teton Advisors Inc. grew its holdings in shares of Graham by 107.5% in the first quarter. Teton Advisors Inc. now owns 83,000 shares of the industrial products company's stock worth $640,000 after acquiring an additional 43,000 shares during the period. Hedge funds and other institutional investors own 64.47% of the company's stock.

Several analysts recently commented on GHM shares. StockNews.com raised Graham from a "buy" rating to a "strong-buy" rating in a report on Tuesday. TheStreet upgraded Graham from a "d" rating to a "c-" rating in a research report on Monday, February 6th.

GHM opened at $11.66 on Tuesday. The stock has a market cap of $124.06 million, a price-to-earnings ratio of -194.33 and a beta of 0.48. The stock's 50 day moving average price is $12.52 and its 200-day moving average price is $11.75. Graham Co. has a one year low of $6.51 and a one year high of $14.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.31.

Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters, and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.

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