21,340 Shares in Graham Corporation $GHM Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC purchased a new position in Graham Corporation (NYSE:GHM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,340 shares of the industrial products company’s stock, valued at approximately $1,684,000. Conestoga Capital Advisors LLC owned about 0.19% of Graham at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Auto Owners Insurance Co lifted its holdings in shares of Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after acquiring an additional 695,530 shares during the period. Vanguard Group Inc. grew its holdings in Graham by 2.2% in the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after purchasing an additional 12,974 shares during the period. Royce & Associates LP increased its position in Graham by 2.7% during the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after purchasing an additional 12,509 shares during the last quarter. Wasatch Advisors LP raised its stake in Graham by 6.1% during the second quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after purchasing an additional 18,084 shares during the period. Finally, William Blair Investment Management LLC raised its stake in Graham by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock worth $19,142,000 after purchasing an additional 24,005 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Performance

Shares of NYSE:GHM opened at $119.32 on Thursday. The business’s 50-day simple moving average is $102.52 and its 200 day simple moving average is $86.57. The company has a market cap of $1.39 billion, a P/E ratio of 105.60 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00. Graham Corporation has a one year low of $46.08 and a one year high of $125.82.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Wall Street Zen lowered Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer upped their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.50.

About Graham

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.