Essex Investment Management Co. LLC Has $4.03 Million Position in Graham Corporation (NYSE:GHM)

Essex Investment Management Co. LLC lessened its holdings in Graham Corporation (NYSE:GHM) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,857 shares of the industrial products company’s stock after selling 859 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Graham were worth $4,031,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of Graham by 839.0% in the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Graham in the 1st quarter valued at $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Graham in the 4th quarter valued at $31,000. Russell Investments Group Ltd. boosted its holdings in shares of Graham by 18,025.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 536 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GHM shares. Maxim Group raised Graham to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, July 2nd. Northland Securities assumed coverage on Graham in a research note on Monday, June 23rd. They issued an “outperform” rating and a $55.00 price target for the company. Finally, Northland Capmk upgraded Graham to a “strong-buy” rating in a research note on Monday, June 23rd.

Graham Stock Performance

Shares of GHM opened at $55.57 on Tuesday. Graham Corporation has a 52 week low of $24.78 and a 52 week high of $55.76. The stock has a market capitalization of $610.16 million, a price-to-earnings ratio of 50.06 and a beta of 0.90. The stock has a fifty day moving average of $47.06 and a 200-day moving average of $39.22.

Graham (NYSE:GHM) last announced its earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.17. The business had revenue of $59.35 million during the quarter, compared to analyst estimates of $55.67 million. Graham had a return on equity of 12.07% and a net margin of 5.83%. As a group, equities analysts forecast that Graham Corporation will post 1.07 EPS for the current year.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.