Graham Corporation $GHM Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP trimmed its position in Graham Corporation (NYSE:GHM) by 12.0% during the first quarter, Holdings Channel.com reports. The firm owned 84,444 shares of the industrial products company’s stock after selling 11,480 shares during the period. Wasatch Advisors LP’s holdings in Graham were worth $6,664,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GHM. Comerica Bank grew 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 worth $58,000 after buying an additional 840 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 buying an additional 410 shares during the period. Covestor Ltd boosted its position in Graham by 4,697.4% during the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,832 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Graham by 385.1% in the 4th quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 2,322 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Graham in the 4th quarter worth approximately $201,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of NYSE:GHM opened at $121.99 on Friday. The business has a 50-day moving average of $100.82 and a two-hundred day moving average of $85.18. The firm has a market capitalization of $1.43 billion, a PE ratio of 107.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 0.68. Graham Corporation has a 12 month low of $46.08 and a 12 month high of $124.03.

Graham (NYSE:GHM) last released its quarterly earnings data 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. The business had revenue of $67.08 million for the quarter, compared to analyst estimates of $59.95 million. Graham had a return on equity of 11.94% and a net margin of 5.10%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. As a group, research analysts forecast that Graham Corporation will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on GHM. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Northland Securities lifted their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Oppenheimer upped their target price on Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen lowered Graham from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.