JPMorgan Chase & Co. Boosts Holdings in Graham Co. (NYSE:GHM)

JPMorgan Chase & Co. increased its holdings in Graham Co. (NYSE:GHM) by 37.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,506 shares of the industrial products company’s stock after purchasing an additional 14,526 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of Graham worth $2,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp lifted its position in Graham by 22.6% in the third quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock valued at $4,693,000 after purchasing an additional 29,277 shares during the last quarter. Barclays PLC increased its stake in shares of Graham by 36.5% in the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after buying an additional 4,145 shares during the period. Geode Capital Management LLC raised its holdings in Graham by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after buying an additional 2,952 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Graham during the 3rd quarter valued at $266,000. Finally, SG Americas Securities LLC grew its holdings in Graham by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

Shares of GHM stock opened at $29.76 on Thursday. Graham Co. has a fifty-two week low of $24.78 and a fifty-two week high of $52.00. The firm has a market cap of $324.43 million, a P/E ratio of 35.85 and a beta of 0.65. The business’s 50 day moving average price is $31.01 and its 200-day moving average price is $36.98.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. As a group, equities analysts predict that Graham Co. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

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

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.