Gamco Investors INC. ET AL Sells 9,578 Shares of Graham Corporation $GHM

Gamco Investors INC. ET AL reduced its position in shares of Graham Corporation (NYSE:GHM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 269,407 shares of the industrial products company’s stock after selling 9,578 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Graham were worth $14,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of Graham by 15.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 310 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 410 shares during the period. Blue Trust Inc. bought a new stake in shares of Graham in the 3rd quarter worth approximately $28,000. State of Alaska Department of Revenue purchased a new position in Graham in the third quarter valued at approximately $33,000. Finally, First Horizon Advisors Inc. lifted its stake in Graham by 130.5% in the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 667 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

GHM has been the subject of a number of recent research reports. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Graham currently has an average rating of “Hold” and an average price target of $72.50.

Graham Stock Down 2.4%

Shares of GHM opened at $82.00 on Friday. The business’s 50-day moving average price is $76.23 and its 200-day moving average price is $63.76. Graham Corporation has a twelve month low of $24.78 and a twelve month high of $91.91. The stock has a market cap of $907.74 million, a PE ratio of 60.74 and a beta of 0.90.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The company had revenue of $56.70 million during the quarter, compared to analyst estimates of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. Analysts expect that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Graham Profile

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.