Punch & Associates Investment Management Inc. Acquires New Stake in Graham Corporation $GHM

Punch & Associates Investment Management Inc. acquired a new stake in shares of Graham Corporation (NYSE:GHM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,605 shares of the industrial products company’s stock, valued at approximately $5,522,000. Punch & Associates Investment Management Inc. owned about 0.38% of Graham at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its stake in Graham by 40.6% during the second quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock valued at $731,000 after buying an additional 4,257 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Graham in the second quarter valued at $325,000. Arrowstreet Capital Limited Partnership bought a new position in Graham during the second quarter valued at about $226,000. Invesco Ltd. grew its holdings in Graham by 1,396.0% during the second quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after acquiring an additional 108,146 shares during the period. Finally, Walleye Capital LLC acquired a new position in Graham during the second quarter worth about $783,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Graham Trading Down 2.2%

NYSE GHM opened at $91.15 on Thursday. Graham Corporation has a 1 year low of $46.58 and a 1 year high of $125.82. The company has a market cap of $1.07 billion, a PE ratio of 87.65 and a beta of 1.04. The stock’s 50-day moving average price is $107.60 and its two-hundred day moving average price is $96.67.

Graham (NYSE:GHM) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. The company had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. 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.