JPMorgan Chase & Co. Acquires 14,526 Shares of Graham Co. (NYSE:GHM)

JPMorgan Chase & Co. raised its holdings in shares of Graham Co. (NYSE:GHM - Free Report) by 37.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,506 shares of the industrial products company's stock after acquiring an additional 14,526 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of Graham worth $2,379,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of Graham during the 4th quarter worth approximately $45,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Graham in the 4th quarter valued at about $203,000. Cornerstone Investment Partners LLC bought a new stake in shares of Graham in the 4th quarter valued at about $209,000. SG Americas Securities LLC raised its holdings in shares of Graham by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company's stock valued at $220,000 after purchasing an additional 1,176 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Graham in the 4th quarter valued at about $258,000. 69.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Trading Down 1.4 %

Shares of NYSE:GHM traded down $0.45 on Tuesday, reaching $30.44. 66,921 shares of the company's stock were exchanged, compared to its average volume of 80,988. The company has a market capitalization of $331.83 million, a price-to-earnings ratio of 36.67 and a beta of 0.65. The company has a fifty day moving average of $30.58 and a 200-day moving average of $37.05. 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 posted its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Graham Co. will post 1.07 EPS for the current fiscal year.

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.