State Street Corp Raises Stock Holdings in Graham Co. (NYSE:GHM)

State Street Corp increased its stake in Graham Co. (NYSE:GHM) by 22.6% during the 3rd quarter, Holdings Channel reports. The firm owned 158,611 shares of the industrial products company’s stock after purchasing an additional 29,277 shares during the quarter. State Street Corp’s holdings in Graham were worth $4,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GHM. Itau Unibanco Holding S.A. purchased a new stake in Graham during the second quarter valued at about $31,000. nVerses Capital LLC bought a new position in shares of Graham during the 2nd quarter valued at about $37,000. SG Americas Securities LLC purchased a new position in shares of Graham during the 3rd quarter valued at about $112,000. BNP Paribas Financial Markets lifted its position 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 during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Graham by 129.1% in the third 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. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Down 1.7 %

Graham stock opened at $44.21 on Monday. The firm has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $33.14. Graham Co. has a twelve month low of $18.15 and a twelve month high of $46.50. The company has a market capitalization of $481.45 million, a PE ratio of 62.27 and a beta of 0.73.

Graham (NYSE:GHM) last released its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, equities analysts expect that Graham Co. will post 1.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note 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.