Charles Schwab Investment Management Inc. Has $866,000 Stock Position in Graham Co. (NYSE:GHM)

Charles Schwab Investment Management Inc. boosted its holdings in Graham Co. (NYSE:GHM) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,265 shares of the industrial products company’s stock after acquiring an additional 1,065 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Graham were worth $866,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ellsworth Advisors LLC increased its position in shares of Graham by 1.0% during the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 320 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in Graham by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Graham during the 2nd quarter worth approximately $31,000. nVerses Capital LLC purchased a new stake in shares of Graham in the second quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC lifted its stake in Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,774 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Stock Down 8.9 %

GHM stock opened at $41.05 on Thursday. The firm has a market cap of $447.03 million, a PE ratio of 57.82 and a beta of 0.73. The business has a 50 day moving average of $37.75 and a 200-day moving average of $32.39. Graham Co. has a 12-month low of $17.99 and a 12-month high of $46.50.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The firm 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 quarter in the prior year, the company earned $0.04 EPS. On average, research analysts expect that Graham Co. will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

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