Graham Co. (NYSE:GHM) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Graham Co. (NYSE:GHM - Free Report) by 285.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,980 shares of the industrial products company's stock after buying an additional 28,863 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of Graham worth $1,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Graham in the 3rd quarter worth $112,000. BNP Paribas Financial Markets lifted its holdings in Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after buying an additional 1,374 shares in the last quarter. MetLife Investment Management LLC lifted its holdings 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 worth $178,000 after buying an additional 3,388 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Graham by 57.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 2,774 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Graham in the 3rd quarter valued at about $251,000. Institutional investors and hedge funds own 69.46% of the company's stock.

Graham Stock Performance

Shares of Graham stock traded down $0.29 during trading on Friday, reaching $46.77. The company had a trading volume of 57,833 shares, compared to its average volume of 76,318. The company has a market cap of $509.27 million, a price-to-earnings ratio of 65.87 and a beta of 0.73. The firm's fifty day moving average is $44.00 and its 200-day moving average is $35.33. Graham Co. has a fifty-two week low of $18.90 and a fifty-two week high of $49.28.

Graham (NYSE:GHM - Get Free Report) last issued its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The business had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same quarter in the prior year, the business posted $0.04 EPS. On average, research analysts anticipate that Graham Co. will post 1.03 EPS 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.