Graham Corporation $GHM Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its stake in shares of Graham Corporation (NYSE:GHM) by 41.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,563 shares of the industrial products company’s stock after selling 75,678 shares during the quarter. Kennedy Capital Management LLC’s holdings in Graham were worth $6,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royce & Associates LP increased its position in Graham by 24.0% during the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock worth $25,237,000 after purchasing an additional 89,014 shares during the last quarter. Roubaix Capital LLC increased its position in 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 purchasing an additional 25,168 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Graham during the third quarter worth approximately $1,142,000. Exchange Traded Concepts LLC increased its position in Graham by 16.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 134,480 shares of the industrial products company’s stock worth $8,638,000 after purchasing an additional 18,634 shares during the last quarter. Finally, Teton Advisors LLC purchased a new stake in Graham during the third quarter worth approximately $1,900,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Price Performance

Shares of GHM stock opened at $107.56 on Tuesday. The company has a market capitalization of $1.26 billion, a PE ratio of 95.19 and a beta of 1.04. The firm has a fifty day simple moving average of $96.27 and a 200-day simple moving average of $81.77. 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 Corporation has a twelve month low of $45.00 and a twelve month high of $110.01.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Northland Securities set a $111.00 price objective on shares of Graham in a research note on Tuesday, June 9th. Wall Street Zen downgraded shares of Graham from a “hold” rating to a “sell” rating in a research note on Saturday. Oppenheimer upped their target price on shares of Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.33.

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.