Royce & Associates LP Has $30.33 Million Stake in Graham Corporation $GHM

Royce & Associates LP boosted its position in Graham Corporation (NYSE:GHM) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,207 shares of the industrial products company’s stock after buying an additional 12,509 shares during the period. Royce & Associates LP owned approximately 4.30% of Graham worth $30,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Graham in the third quarter valued at $33,000. BNP Paribas Financial Markets raised its holdings in shares of Graham by 62.8% during the second 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 period. Comerica Bank raised its holdings in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 840 shares during the period. Covestor Ltd raised its holdings in shares of Graham by 4,697.4% during the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,832 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Graham during the third quarter valued at about $138,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Price Performance

NYSE:GHM opened at $95.23 on Tuesday. The firm has a 50-day moving average of $90.00 and a 200-day moving average of $77.17. The company has a market cap of $1.11 billion, a PE ratio of 70.54 and a beta of 1.05. Graham Corporation has a one year low of $35.85 and a one year high of $103.53.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GHM. Weiss Ratings reiterated a “hold (c)” rating on shares of Graham in a report on Wednesday, May 20th. Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Oppenheimer began coverage on shares of Graham in a report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price objective on the stock. Finally, Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

About Graham

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.