Graham Corporation $GHM Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in Graham Corporation (NYSE:GHM) by 41.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,563 shares of the industrial products company’s stock after selling 75,678 shares during the quarter. Kennedy Capital Management LLC owned about 0.97% of Graham worth $6,909,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. AdvisorShares Investments LLC increased its stake in Graham by 7.9% in the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 238 shares during the period. Raymond James Financial Inc. increased its stake in Graham by 1.5% in the third quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock valued at $1,186,000 after purchasing an additional 319 shares during the period. Barclays PLC increased its stake in Graham by 2.2% in the fourth quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 350 shares during the period. BNP Paribas Financial Markets increased its stake in Graham by 62.8% in the second 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. Finally, Charles Schwab Investment Management Inc. increased its stake in Graham by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,940 shares of the industrial products company’s stock valued at $5,520,000 after purchasing an additional 545 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Up 3.5%

GHM stock opened at $107.56 on Tuesday. The company has a market cap of $1.26 billion, a P/E ratio of 95.19 and a beta of 1.04. Graham Corporation has a 52 week low of $45.00 and a 52 week high of $110.01. The company’s 50-day moving average price is $96.27 and its 200 day moving average price is $81.77. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.09.

Graham (NYSE:GHM) last announced its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, research analysts expect that Graham Corporation will post 1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GHM. Wall Street Zen downgraded shares of Graham from a “hold” rating to a “sell” rating in a report on Saturday. Oppenheimer lifted their target price on shares of Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, June 9th. Northland Securities set a $111.00 target price on shares of Graham in a report on Tuesday, June 9th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Graham has an average rating of “Moderate Buy” and a consensus target price of $95.33.

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.