Wellington Management Group LLP Invests $1.10 Million in Graham Co. (NYSE:GHM)

Wellington Management Group LLP purchased a new stake in Graham Co. (NYSE:GHM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 37,265 shares of the industrial products company’s stock, valued at approximately $1,103,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in Graham during the 2nd quarter worth approximately $31,000. nVerses Capital LLC acquired a new stake in shares of Graham in the second quarter worth $37,000. SG Americas Securities LLC purchased a new position in shares of Graham during the third quarter valued at $112,000. BNP Paribas Financial Markets raised its position in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,374 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 3,388 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Graham Stock Down 1.1 %

GHM stock opened at $40.60 on Friday. The company has a 50 day moving average of $37.96 and a two-hundred day moving average of $32.45. The company has a market cap of $442.13 million, a price-to-earnings ratio of 57.18 and a beta of 0.73. Graham Co. has a 12-month low of $18.03 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, topping the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The business had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. During the same period last year, the company earned $0.04 earnings per share. On average, research analysts anticipate 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.