Graham Co. (NYSE:GHM) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 1,479.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,369 shares of the industrial products company's stock after acquiring an additional 148,340 shares during the quarter. Invesco Ltd. owned 1.45% of Graham worth $7,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. State Street Corp grew its stake in Graham by 22.6% during the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock worth $4,693,000 after purchasing an additional 29,277 shares in the last quarter. Barclays PLC grew its position in shares of Graham by 36.5% during 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Graham by 1.3% during the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company's stock worth $6,900,000 after buying an additional 2,952 shares during the period. Principal Financial Group Inc. acquired a new stake in Graham in the third quarter valued at approximately $266,000. Finally, JPMorgan Chase & Co. lifted its stake in Graham by 285.3% in the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock worth $1,153,000 after acquiring an additional 28,863 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE GHM traded down $0.14 during midday trading on Wednesday, hitting $30.34. 36,979 shares of the company's stock were exchanged, compared to its average volume of 80,996. The firm's fifty day simple moving average is $30.51 and its 200-day simple moving average is $37.01. The company has a market cap of $330.80 million, a PE ratio of 36.55 and a beta of 0.65. Graham Co. has a twelve month low of $24.78 and a twelve month high of $52.00.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Graham Co. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Graham from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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.