Northern Trust Corp Acquires 1,495 Shares of Graham Co. (NYSE:GHM)

Northern Trust Corp grew its holdings in Graham Co. (NYSE:GHM) by 1.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,073 shares of the industrial products company’s stock after acquiring an additional 1,495 shares during the quarter. Northern Trust Corp’s holdings in Graham were worth $4,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHM. Meeder Asset Management Inc. acquired a new position in Graham during the fourth quarter worth $31,000. Jones Financial Companies Lllp bought a new stake in Graham during the 4th quarter worth about $45,000. Russell Investments Group Ltd. boosted its stake in shares of Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock worth $64,000 after buying an additional 1,442 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 536 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Graham in the 4th quarter valued at about $172,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Graham Trading Down 2.7%

NYSE GHM opened at $36.94 on Thursday. Graham Co. has a 12 month low of $24.78 and a 12 month high of $52.00. The stock has a 50 day moving average of $31.61 and a 200-day moving average of $37.57. The company has a market cap of $402.76 million, a PE ratio of 44.51 and a beta of 0.71.

Graham Company 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.