Graham Corporation $GHM Stock Holdings Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in Graham Corporation (NYSE:GHM) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 134,480 shares of the industrial products company’s stock after buying an additional 18,634 shares during the period. Exchange Traded Concepts LLC’s holdings in Graham were worth $8,638,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GHM. Geode Capital Management LLC grew its position in shares of Graham by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 240,407 shares of the industrial products company’s stock valued at $11,905,000 after buying an additional 4,342 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Graham by 15.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 310 shares during the period. Creative Planning grew its holdings in shares of Graham by 52.5% during the second quarter. Creative Planning now owns 11,119 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 3,828 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Graham during the second quarter valued at approximately $221,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Graham during the 2nd quarter worth approximately $296,000. Institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.1%

Graham stock opened at $78.08 on Monday. Graham Corporation has a 52-week low of $24.78 and a 52-week high of $91.91. The firm has a market capitalization of $864.32 million, a price-to-earnings ratio of 57.84 and a beta of 0.90. The firm has a 50-day moving average price of $80.20 and a two-hundred day moving average price of $67.42.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. The company had revenue of $56.70 million for the quarter, compared to analyst estimates of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. Research analysts expect that Graham Corporation will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Oppenheimer assumed coverage on Graham in a research note on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price objective for the company. Finally, Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

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.