Meeder Asset Management Inc. Purchases New Position in Graham Co. (NYSE:GHM)

Meeder Asset Management Inc. purchased a new position in shares of Graham Co. (NYSE:GHM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 701 shares of the industrial products company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of 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 buying an additional 29,277 shares during the period. Wellington Management Group LLP acquired a new position in Graham during the third quarter worth $1,103,000. JPMorgan Chase & Co. lifted its holdings in Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 28,863 shares in the last quarter. Barclays PLC grew its position in shares of Graham by 36.5% in the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 4,145 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Graham by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 1,065 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Graham Stock Performance

NYSE GHM opened at $30.06 on Thursday. The business has a fifty day moving average price of $35.90 and a 200 day moving average price of $37.17. The company has a market cap of $327.74 million, a P/E ratio of 36.22 and a beta of 0.73. Graham Co. has a one year low of $25.22 and a one year high of $52.00.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Graham Co. will post 1.07 EPS for the current fiscal year.

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.