6,912 Shares in Graham Corporation $GHM Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in shares of Graham Corporation (NYSE:GHM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,912 shares of the industrial products company’s stock, valued at approximately $856,000. Great Lakes Advisors LLC owned about 0.06% of Graham as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GHM. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Graham in the 2nd quarter worth $52,000. Fifth Third Bancorp bought a new position in shares of Graham during the first quarter valued at about $69,000. Comerica Bank raised its stake in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Graham by 62.8% during the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 410 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Graham during the second quarter worth about $1,456,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GHM. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Oppenheimer increased their price objective on Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Northland Securities boosted their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Graham presently has a consensus rating of “Hold” and a consensus price target of $132.50.

Graham Trading Up 1.5%

Shares of GHM opened at $101.51 on Friday. The firm’s 50-day moving average price is $108.71 and its 200-day moving average price is $96.10. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 97.61 and a beta of 1.04. Graham Corporation has a 1-year low of $46.58 and a 1-year high of $125.82.

Graham (NYSE:GHM) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. Graham had a net margin of 4.53% and a return on equity of 11.09%. The company had revenue of $71.34 million for the quarter, compared to analysts’ expectations of $65.60 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. Graham’s quarterly revenue was up 28.6% on a year-over-year basis. On average, research analysts forecast that Graham Corporation will post 1.87 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.