Walleye Capital LLC Takes Position in Graham Corporation $GHM

Walleye Capital LLC purchased a new position in Graham Corporation (NYSE:GHM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,797 shares of the industrial products company’s stock, valued at approximately $594,000.

A number of other institutional investors have also added to or reduced their stakes in GHM. Rhumbline Advisers grew its position in Graham by 40.6% during the second quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 4,257 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Graham in the 2nd quarter valued at about $325,000. Arrowstreet Capital Limited Partnership bought a new stake in Graham in the second quarter valued at approximately $226,000. Invesco Ltd. raised its holdings in Graham by 1,396.0% during the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after buying an additional 108,146 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Graham by 17.2% during the second quarter. Raymond James Financial Inc. now owns 21,289 shares of the industrial products company’s stock valued at $1,054,000 after acquiring an additional 3,129 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Trading Up 2.3%

Shares of GHM opened at $113.64 on Friday. The firm has a fifty day simple moving average of $108.03 and a two-hundred day simple moving average of $94.87. The firm has a market cap of $1.33 billion, a PE ratio of 109.27 and a beta of 1.04. Graham Corporation has a 1-year low of $46.58 and a 1-year high of $125.82.

Graham (NYSE:GHM) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The company had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Graham’s revenue was up 28.6% compared to the same quarter last year. As a group, research analysts forecast that Graham Corporation will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GHM. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Northland Securities raised 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. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Oppenheimer lifted their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $132.50.

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.