JPMorgan Chase & Co. boosted its holdings in Graham Corporation (NYSE:GHM) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,106 shares of the industrial products company’s stock after acquiring an additional 465 shares during the period. JPMorgan Chase & Co. owned 0.98% of Graham Corporation worth $1,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GHM. Nationwide Fund Advisors lifted its holdings in Graham Corporation by 18.8% in the first quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 1,209 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Graham Corporation by 34.1% in the first quarter. Russell Investments Group Ltd. now owns 51,551 shares of the industrial products company’s stock valued at $1,186,000 after acquiring an additional 13,106 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Graham Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 75,038 shares of the industrial products company’s stock valued at $1,726,000 after acquiring an additional 2,389 shares during the last quarter. American International Group Inc. lifted its holdings in Graham Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,893 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 398 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in Graham Corporation by 16.9% in the first quarter. OppenheimerFunds Inc. now owns 12,181 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 1,762 shares during the last quarter. Hedge funds and other institutional investors own 74.72% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/10/16/graham-corporation-ghm-position-lifted-by-jpmorgan-chase-co.html.

Graham Corporation (NYSE:GHM) opened at 21.64 on Monday. The company has a 50-day moving average price of $20.65 and a 200-day moving average price of $20.77. Graham Corporation has a 12-month low of $17.19 and a 12-month high of $25.00. The firm has a market capitalization of $211.38 million, a PE ratio of 35.89 and a beta of 1.05.

Graham Corporation (NYSE:GHM) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The firm had revenue of $20.90 million for the quarter, compared to analyst estimates of $17.89 million. During the same quarter last year, the business earned $0.05 earnings per share. Graham Corporation’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Graham Corporation will post $0.28 earnings per share for the current year.

Separately, Zacks Investment Research upgraded Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.

About Graham Corporation

Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.

Want to see what other hedge funds are holding GHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Corporation (NYSE:GHM).

Institutional Ownership by Quarter for Graham Corporation (NYSE:GHM)

Receive News & Ratings for Graham Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham Corporation and related companies with MarketBeat.com's FREE daily email newsletter.