State Street Corp Has $4.69 Million Position in Graham Co. (NYSE:GHM)

State Street Corp grew its position in Graham Co. (NYSE:GHM - Free Report) by 22.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 158,611 shares of the industrial products company's stock after acquiring an additional 29,277 shares during the period. State Street Corp owned 1.46% of Graham worth $4,693,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GHM. First Eagle Investment Management LLC boosted its position in Graham by 7.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company's stock worth $8,833,000 after buying an additional 20,933 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Graham by 21.4% during the second quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company's stock worth $5,858,000 after purchasing an additional 36,724 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of Graham by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company's stock worth $5,630,000 after purchasing an additional 620 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Graham by 17.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company's stock valued at $1,893,000 after purchasing an additional 9,466 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Graham during the 2nd quarter worth $904,000. Institutional investors and hedge funds own 69.46% of the company's stock.

Graham Stock Up 2.4 %

Graham stock traded up $1.08 during mid-day trading on Monday, hitting $45.29. 110,326 shares of the stock were exchanged, compared to its average volume of 71,995. The stock has a market capitalization of $493.21 million, a price-to-earnings ratio of 63.79 and a beta of 0.73. Graham Co. has a 12 month low of $18.15 and a 12 month high of $46.50. The firm's fifty day simple moving average is $39.39 and its two-hundred day simple moving average is $33.16.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The business had revenue of $53.56 million during the quarter, compared to the consensus estimate of $50.50 million. During the same quarter last year, the firm earned $0.04 earnings per share. As a group, analysts forecast that Graham Co. will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Graham from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th.

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.