Geode Capital Management LLC Has $6.90 Million Stake in Graham Co. (NYSE:GHM)

Geode Capital Management LLC grew its holdings in shares of Graham Co. (NYSE:GHM) by 1.3% in the third quarter, HoldingsChannel.com reports. The fund owned 233,122 shares of the industrial products company’s stock after acquiring an additional 2,952 shares during the quarter. Geode Capital Management LLC’s holdings in Graham were worth $6,900,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Graham during the 2nd quarter valued at $31,000. nVerses Capital LLC bought a new stake in Graham in the second quarter valued at $37,000. SG Americas Securities LLC acquired a new position in shares of Graham during the third quarter valued at about $112,000. BNP Paribas Financial Markets boosted its position in shares of Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after buying an additional 3,388 shares during the period. 69.46% of the stock is owned by institutional investors.

Graham Price Performance

Shares of Graham stock opened at $47.26 on Friday. The business has a 50-day simple moving average of $40.88 and a 200 day simple moving average of $33.66. The firm has a market capitalization of $514.66 million, a price-to-earnings ratio of 66.56 and a beta of 0.73. Graham Co. has a one year low of $18.15 and a one year high of $47.61.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, beating 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 analyst estimates of $50.50 million. During the same quarter in the previous year, the business posted $0.04 EPS. On average, sell-side analysts expect that Graham Co. will post 1.03 EPS for the current year.

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.