Sanctuary Advisors LLC Acquires Shares of 8,825 Graham Corporation $GHM

Sanctuary Advisors LLC bought a new position in Graham Corporation (NYSE:GHM) during the second quarter, Holdings Channel.com reports. The fund bought 8,825 shares of the industrial products company’s stock, valued at approximately $1,092,000.

A number of other institutional investors have also modified their holdings of the stock. Westport Asset Management Inc. bought a new stake in shares of Graham during the second quarter valued at approximately $171,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Graham in the second quarter worth approximately $52,000. Silvant Capital Management LLC bought a new position in Graham in the second quarter worth approximately $101,000. Fifth Third Bancorp purchased a new position in Graham during the 1st quarter worth $69,000. Finally, Comerica Bank increased its holdings in Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 840 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Up 1.9%

Shares of GHM stock opened at $93.62 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 90.02 and a beta of 1.04. The company’s 50 day moving average is $107.26 and its 200 day moving average is $96.74. Graham Corporation has a 52-week low of $46.58 and a 52-week high of $125.82.

Graham (NYSE:GHM) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The company had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. Graham’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts anticipate that Graham Corporation will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.