State Street Corp Purchases 29,277 Shares of Graham Co. (NYSE:GHM)

State Street Corp grew its position in shares of Graham Co. (NYSE:GHM) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,611 shares of the industrial products company’s stock after buying an additional 29,277 shares during the quarter. State Street Corp owned 1.46% of Graham worth $4,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ellsworth Advisors LLC increased its position in shares of Graham by 1.0% during the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 320 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in Graham by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Graham by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 1,065 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Graham during the 2nd quarter worth $31,000. Finally, nVerses Capital LLC purchased a new position in shares of Graham in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Graham Trading Down 1.7 %

Shares of NYSE GHM opened at $44.21 on Monday. The stock has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $33.14. Graham Co. has a 1-year low of $18.15 and a 1-year high of $46.50. The firm has a market cap of $481.45 million, a price-to-earnings ratio of 62.27 and a beta of 0.73.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share 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 quarter last year, the firm posted $0.04 EPS. Analysts forecast that Graham Co. will post 1.03 EPS for the current year.

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.