Grace & White Inc. NY Has $576,000 Stake in Graham Corporation $GHM

Grace & White Inc. NY reduced its position in Graham Corporation (NYSE:GHM) by 68.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,300 shares of the industrial products company’s stock after selling 15,539 shares during the quarter. Grace & White Inc. NY owned approximately 0.07% of Graham worth $576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GHM. BNP Paribas Financial Markets increased its holdings in Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after buying an additional 410 shares during the period. Comerica Bank raised its stake in shares of Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after buying an additional 840 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Graham by 4,697.4% during the 4th quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,832 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Graham by 385.1% during the 4th quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 2,322 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Graham during the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GHM. Oppenheimer upped their target price on shares of Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Northland Securities raised their price target on shares of Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen cut Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Graham has an average rating of “Moderate Buy” and an average target price of $110.00.

Graham Stock Down 0.7%

GHM opened at $121.99 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 107.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00. The firm’s 50-day simple moving average is $100.82 and its 200-day simple moving average is $85.18. Graham Corporation has a twelve month low of $46.08 and a twelve month high of $124.03.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $67.08 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Equities research analysts anticipate that Graham Corporation will post 1.85 EPS 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.