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

JPMorgan Chase & Co. boosted its holdings in shares of Graham Co. (NYSE:GHM - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,506 shares of the industrial products company's stock after buying an additional 14,526 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of Graham worth $2,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GHM. Jones Financial Companies Lllp acquired a new position in Graham during the 4th quarter valued at approximately $45,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Graham during the 4th quarter valued at about $203,000. Cornerstone Investment Partners LLC acquired a new position in shares of Graham in the 4th quarter valued at about $209,000. SG Americas Securities LLC lifted its holdings in shares of Graham by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company's stock valued at $220,000 after buying an additional 1,176 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Graham in the fourth quarter worth about $258,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Trading Up 0.1 %

GHM traded up $0.03 during midday trading on Tuesday, hitting $30.91. 1,461 shares of the company traded hands, compared to its average volume of 80,619. The company has a market capitalization of $336.96 million, a price-to-earnings ratio of 37.23 and a beta of 0.65. The business has a 50 day simple moving average of $30.67 and a two-hundred day simple moving average of $37.10. Graham Co. has a 52-week low of $24.78 and a 52-week high of $52.00.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Equities research analysts anticipate that Graham Co. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

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.