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

Wellington Management Group LLP acquired a new stake in Graham Co. (NYSE:GHM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 37,265 shares of the industrial products company’s stock, valued at approximately $1,103,000. Wellington Management Group LLP owned about 0.34% of Graham as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GHM. Acadian Asset Management LLC raised its holdings in shares of Graham by 21.4% during the second quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock valued at $5,858,000 after buying an additional 36,724 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Graham in the 2nd quarter valued at approximately $904,000. State Street Corp raised 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 valued at $4,693,000 after acquiring an additional 29,277 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Graham during the 2nd quarter worth $635,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Graham by 7.2% in the second quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock worth $8,833,000 after purchasing an additional 20,933 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of GHM stock opened at $40.60 on Friday. The stock has a market cap of $442.13 million, a PE ratio of 57.18 and a beta of 0.73. The business’s fifty day moving average is $37.96 and its 200-day moving average is $32.45. Graham Co. has a 1 year low of $18.03 and a 1 year high of $46.50.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The firm had revenue of $53.56 million for the quarter, compared to analysts’ expectations of $50.50 million. During the same period in the previous year, the business earned $0.04 earnings per share. Equities research analysts predict that Graham Co. will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.