Punch & Associates Investment Management Inc. Has $4.51 Million Holdings in Graham Corporation $GHM

Punch & Associates Investment Management Inc. decreased its holdings in Graham Corporation (NYSE:GHM) by 12.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 57,138 shares of the industrial products company’s stock after selling 8,365 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Graham were worth $4,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake 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 valued at $53,000 after purchasing an additional 410 shares during the last quarter. Comerica Bank raised its stake in Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares during the last quarter. Fifth Third Bancorp acquired a new position in Graham in the first quarter valued at $69,000. Covestor Ltd lifted its holdings in Graham by 4,697.4% in the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,832 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Graham by 385.1% during the fourth quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 2,322 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

Graham Trading Down 1.6%

GHM opened at $103.79 on Friday. The company has a fifty day moving average price of $106.54 and a two-hundred day moving average price of $91.49. Graham Corporation has a 1-year low of $46.08 and a 1-year high of $125.82. The company has a market cap of $1.22 billion, a P/E ratio of 91.85 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.09.

Graham (NYSE:GHM) last released its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Analysts predict that Graham Corporation will post 1.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GHM shares. Oppenheimer lifted their price objective on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Graham has a consensus rating of “Hold” and a consensus price target of $132.50.

Graham Company 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.