Geode Capital Management LLC Has $6.90 Million Stake in Graham Co. (NYSE:GHM)

Geode Capital Management LLC raised its stake in Graham Co. (NYSE:GHM) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,122 shares of the industrial products company’s stock after acquiring an additional 2,952 shares during the quarter. Geode Capital Management LLC owned approximately 2.14% of Graham worth $6,900,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Graham during the second quarter valued at about $31,000. nVerses Capital LLC bought a new position in Graham in the 2nd quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new stake in Graham during the 3rd quarter worth approximately $112,000. BNP Paribas Financial Markets grew its holdings in Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 1,374 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 3,388 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of NYSE:GHM opened at $47.26 on Friday. Graham Co. has a 52 week low of $18.15 and a 52 week high of $47.61. The firm has a market cap of $514.66 million, a PE ratio of 66.56 and a beta of 0.73. The firm’s fifty day moving average is $40.88 and its 200-day moving average is $33.66.

Graham (NYSE:GHM) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The firm had revenue of $53.56 million for the quarter, compared to the consensus estimate of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same period in the previous year, the business earned $0.04 EPS. Sell-side 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.