Graham Co. (NYSE:GHM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Graham Co. (NYSE:GHM) by 285.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,980 shares of the industrial products company’s stock after purchasing an additional 28,863 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of Graham worth $1,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Graham by 22.6% in the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after acquiring an additional 29,277 shares during the period. Wellington Management Group LLP bought a new stake in Graham during the third quarter worth approximately $1,103,000. Barclays PLC raised its holdings in Graham by 36.5% during the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 4,145 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Graham by 85.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 4,811 shares in the last quarter. Finally, 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 period. Institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.6 %

Shares of Graham stock opened at $46.77 on Friday. The business has a fifty day simple moving average of $44.00 and a 200-day simple moving average of $35.33. Graham Co. has a fifty-two week low of $18.90 and a fifty-two week high of $49.28. The firm has a market cap of $509.27 million, a price-to-earnings ratio of 65.87 and a beta of 0.73.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The company had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. During the same quarter last year, the firm posted $0.04 EPS. Analysts anticipate that Graham Co. will post 1.03 earnings per share for the current fiscal year.

About Graham

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.