Legato Capital Management LLC Has $3.25 Million Holdings in Graham Corporation $GHM

Legato Capital Management LLC raised its holdings in shares of Graham Corporation (NYSE:GHM) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,519 shares of the industrial products company’s stock after purchasing an additional 9,004 shares during the period. Legato Capital Management LLC owned 0.46% of Graham worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Graham during the 3rd quarter valued at about $33,000. Comerica Bank lifted its position in Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 840 shares during the period. BNP Paribas Financial Markets lifted its position in Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 410 shares during the period. Covestor Ltd lifted its position in Graham by 4,697.4% during the 4th quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,832 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Graham during the 3rd quarter valued at about $138,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GHM shares. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Oppenheimer started coverage on shares of Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Graham in a research report on Wednesday. Finally, Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Graham Price Performance

Shares of NYSE:GHM opened at $95.23 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 70.54 and a beta of 1.05. The firm’s 50 day simple moving average is $89.72 and its 200 day simple moving average is $76.83. Graham Corporation has a fifty-two week low of $35.85 and a fifty-two week high of $103.53.

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.