Nationwide Fund Advisors boosted its position in shares of Graham Co. (NYSE:GHM) by 57.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,064 shares of the industrial products company’s stock after acquiring an additional 4,415 shares during the period. Nationwide Fund Advisors owned 0.12% of Graham worth $251,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in Graham by 12.7% during the second quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 1,099 shares during the last quarter. State Street Corp lifted its position in Graham by 1.8% during the second quarter. State Street Corp now owns 182,314 shares of the industrial products company’s stock valued at $3,586,000 after purchasing an additional 3,307 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Graham during the second quarter valued at approximately $507,000. Dimensional Fund Advisors LP lifted its position in Graham by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 396,522 shares of the industrial products company’s stock valued at $7,796,000 after purchasing an additional 31,833 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in Graham during the second quarter valued at approximately $353,000. 75.03% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.
Shares of Graham Co. (NYSE GHM) opened at $21.32 on Friday. Graham Co. has a 1 year low of $17.97 and a 1 year high of $24.73. The stock has a market cap of $208.76, a P/E ratio of 45.36 and a beta of 1.05.
Graham (NYSE:GHM) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Graham had a net margin of 5.31% and a return on equity of 4.25%. The business had revenue of $17.20 million during the quarter, compared to analyst estimates of $16.73 million. During the same period in the previous year, the business posted $0.14 earnings per share. Graham’s revenue for the quarter was down 18.5% on a year-over-year basis.
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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.
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