Graham Corporation $GHM Shares Sold by Teton Advisors LLC

Teton Advisors LLC cut its position in Graham Corporation (NYSE:GHM) by 17.6% during the fourth quarter, HoldingsChannel reports. The firm owned 28,500 shares of the industrial products company’s stock after selling 6,100 shares during the quarter. Graham accounts for 1.3% of Teton Advisors LLC’s holdings, making the stock its 23rd biggest position. Teton Advisors LLC’s holdings in Graham were worth $1,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GHM. State of Alaska Department of Revenue purchased a new stake in shares of Graham during the 3rd quarter worth $33,000. Comerica Bank raised its stake in Graham by 396.2% in the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after buying an additional 840 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Graham by 62.8% in 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Graham during the 3rd quarter worth about $138,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Graham during the 3rd quarter worth about $165,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

Graham stock opened at $98.58 on Monday. The company has a market capitalization of $1.15 billion, a P/E ratio of 73.03 and a beta of 1.05. Graham Corporation has a fifty-two week low of $35.85 and a fifty-two week high of $103.53. The stock has a 50-day simple moving average of $88.80 and a 200-day simple moving average of $75.79.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer assumed coverage on Graham in a report on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 price objective on the stock. Zacks Research raised Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th. Finally, Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

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.