Wellington Management Group LLP Acquires Shares of 37,265 Graham Co. (NYSE:GHM)

Wellington Management Group LLP acquired a new stake in Graham Co. (NYSE:GHM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,265 shares of the industrial products company's stock, valued at approximately $1,103,000. Wellington Management Group LLP owned about 0.34% of Graham at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new position in Graham during the 2nd quarter worth about $31,000. nVerses Capital LLC bought a new position in shares of Graham during the second quarter worth about $37,000. SG Americas Securities LLC acquired a new position in shares of Graham in the third quarter worth approximately $112,000. BNP Paribas Financial Markets boosted its holdings in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $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% during the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock valued at $178,000 after purchasing 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 GHM stock traded up $0.16 during mid-day trading on Friday, hitting $40.76. The company's stock had a trading volume of 132,996 shares, compared to its average volume of 71,744. The company has a market cap of $443.88 million, a PE ratio of 57.41 and a beta of 0.73. The company's fifty day simple moving average is $37.96 and its 200-day simple moving average is $32.45. Graham Co. has a 52 week low of $18.03 and a 52 week high of $46.50.

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 for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. The business had revenue of $53.56 million during 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 company posted $0.04 earnings per share. On average, equities analysts anticipate that Graham Co. will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Graham 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.