State of Wyoming Takes Position in Graham Corporation $GHM

State of Wyoming purchased a new position in shares of Graham Corporation (NYSE:GHM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,943 shares of the industrial products company’s stock, valued at approximately $1,107,000.

Other large investors have also recently added to or reduced their stakes in the company. Nicholas Investment Partners LP acquired a new position in shares of Graham during the fourth quarter worth about $1,888,000. Agman Capital LLC acquired a new stake in shares of Graham in the fourth quarter valued at about $14,079,000. Legato Capital Management LLC grew its stake in shares of Graham by 21.7% in the fourth quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company’s stock valued at $3,245,000 after buying an additional 9,004 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Graham during the 2nd quarter valued at about $615,000. Finally, Sei Investments Co. raised its holdings in shares of Graham by 62.4% during the 1st quarter. Sei Investments Co. now owns 63,553 shares of the industrial products company’s stock valued at $5,016,000 after buying an additional 24,419 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

NYSE:GHM opened at $113.64 on Friday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 109.27 and a beta of 1.04. Graham Corporation has a one year low of $46.58 and a one year high of $125.82. The business’s 50-day simple moving average is $108.03 and its 200 day simple moving average is $94.87.

Graham (NYSE:GHM) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The firm had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter last year, the firm earned $0.45 EPS. Graham’s quarterly revenue was up 28.6% on a year-over-year basis. On average, equities research analysts predict that Graham Corporation will post 1.87 EPS for the current year.

Analysts Set New Price Targets

GHM has been the subject of a number of analyst reports. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Northland Securities boosted their target price on shares of Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Oppenheimer lifted their price target on shares of Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $132.50.

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.