First Eagle Investment Management LLC Has $18 Million Holdings in Graham Corporation $GHM

First Eagle Investment Management LLC cut its holdings in Graham Corporation (NYSE:GHM) by 8.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 280,173 shares of the industrial products company’s stock after selling 26,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Graham were worth $17,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHM. William Blair Investment Management LLC acquired a new stake in shares of Graham in the third quarter valued at approximately $15,043,000. Alyeska Investment Group L.P. acquired a new stake in shares of Graham in the third quarter valued at approximately $10,356,000. Invesco Ltd. raised its holdings in shares of Graham by 1,396.0% in the second quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after purchasing an additional 108,146 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Graham by 24.0% in the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock valued at $25,237,000 after purchasing an additional 89,014 shares during the last quarter. Finally, Teton Advisors LLC acquired a new stake in shares of Graham in the third quarter valued at approximately $1,900,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GHM has been the topic of a number of recent research reports. Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Weiss Ratings downgraded shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th. Oppenheimer initiated coverage on shares of Graham in a report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price 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 investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Graham Trading Up 0.3%

Shares of GHM opened at $98.52 on Tuesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 72.98 and a beta of 1.05. Graham Corporation has a 1-year low of $35.28 and a 1-year high of $100.96. The company’s fifty day simple moving average is $87.59 and its 200 day simple moving average is $74.69.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $56.70 million for the quarter, compared to the consensus estimate of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. As a group, research analysts forecast that Graham Corporation will post 1.34 earnings per share for the current 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.