Punch & Associates Investment Management Inc. Buys Shares of 44,605 Graham Corporation $GHM

Punch & Associates Investment Management Inc. bought a new stake in Graham Corporation (NYSE:GHM) during the second quarter, Holdings Channel reports. The institutional investor bought 44,605 shares of the industrial products company’s stock, valued at approximately $5,522,000.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in Graham by 40.6% during the second quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 4,257 shares in the last quarter. Quantbot Technologies LP bought a new position in Graham during the second quarter valued at about $325,000. Arrowstreet Capital Limited Partnership acquired a new stake in Graham in the 2nd quarter worth approximately $226,000. Invesco Ltd. raised its holdings in Graham by 1,396.0% in the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after acquiring an additional 108,146 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Graham during the 2nd quarter worth about $783,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GHM has been the subject of several research reports. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Oppenheimer increased their target price on shares of Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Northland Securities upped their price objective on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Graham currently has a consensus rating of “Hold” and a consensus target price of $132.50.

Graham Trading Down 2.2%

NYSE GHM opened at $91.15 on Thursday. Graham Corporation has a 12 month low of $46.58 and a 12 month high of $125.82. The stock has a 50-day simple moving average of $107.60 and a 200 day simple moving average of $96.67. The company has a market capitalization of $1.07 billion, a PE ratio of 87.65 and a beta of 1.04.

Graham (NYSE:GHM) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $71.34 million for the quarter, compared to analysts’ expectations of $65.60 million. Graham had a return on equity of 11.09% and a net margin of 4.53%.The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. As a group, sell-side analysts predict that Graham Corporation will post 1.87 earnings per share for the current fiscal 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.