Graham Corporation $GHM Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in Graham Corporation (NYSE:GHM) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,444 shares of the industrial products company’s stock after selling 11,480 shares during the period. Wasatch Advisors LP owned 0.76% of Graham worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in GHM. Roubaix Capital LLC boosted its stake in shares of Graham by 56.9% during the third quarter. Roubaix Capital LLC now owns 69,364 shares of the industrial products company’s stock worth $3,808,000 after buying an additional 25,168 shares during the period. Royce & Associates LP increased its position in Graham by 24.0% in the 3rd quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock valued at $25,237,000 after acquiring an additional 89,014 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Graham during the 3rd quarter valued at approximately $1,142,000. Exchange Traded Concepts LLC raised its stake in Graham by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 134,480 shares of the industrial products company’s stock valued at $8,638,000 after acquiring an additional 18,634 shares during the last quarter. Finally, Teton Advisors LLC acquired a new stake in Graham during the 3rd quarter worth approximately $1,900,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GHM. Oppenheimer boosted their target price on Graham to $130.00 and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Graham from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Northland Securities raised their target price on shares of Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Graham Trading Down 0.7%

Shares of GHM opened at $121.99 on Friday. Graham Corporation has a twelve month low of $46.08 and a twelve month high of $124.03. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.43 billion, a P/E ratio of 107.96 and a beta of 1.04. The firm’s 50-day moving average is $100.82 and its two-hundred day moving average is $85.18.

Graham (NYSE:GHM) last posted its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Graham had a return on equity of 11.94% and a net margin of 5.10%.The company had revenue of $67.08 million for the quarter, compared to analyst estimates of $59.95 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. Graham’s revenue was up 13.0% compared to the same quarter last year. On average, research analysts predict that Graham Corporation will post 1.85 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.