Great Lakes Advisors LLC Makes New $856,000 Investment in Graham Corporation $GHM

Great Lakes Advisors LLC acquired a new stake in shares of Graham Corporation (NYSE:GHM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,912 shares of the industrial products company’s stock, valued at approximately $856,000.

A number of other hedge funds have also recently modified their holdings of GHM. BlackRock Inc. purchased a new stake in shares of Graham in the 2nd quarter worth about $110,235,000. Auto Owners Insurance Co boosted its stake in Graham by 6,323.0% during the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after acquiring an additional 695,530 shares in the last quarter. Royal Bank of Canada boosted its stake in Graham by 7,833.6% during the fourth quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock worth $15,777,000 after acquiring an additional 242,529 shares in the last quarter. Agman Capital LLC bought a new stake in Graham during the fourth quarter worth about $14,079,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Graham in the third quarter worth about $10,356,000. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GHM. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Oppenheimer upped their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $132.50.

Graham Price Performance

Shares of Graham stock opened at $101.51 on Friday. Graham Corporation has a 1 year low of $46.58 and a 1 year high of $125.82. The firm’s 50-day moving average is $108.71 and its 200 day moving average is $96.10. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 97.61 and a beta of 1.04.

Graham (NYSE:GHM) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. Graham’s revenue was up 28.6% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. On average, equities analysts expect that Graham Corporation will post 1.87 EPS for the current fiscal year.

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.