Kennedy Capital Management LLC Has $9.18 Million Stake in Graham Corporation $GHM

Kennedy Capital Management LLC raised its stake in shares of Graham Corporation (NYSE:GHM) by 56.8% in the 2nd quarter, Holdings Channel reports. The firm owned 185,374 shares of the industrial products company’s stock after purchasing an additional 67,139 shares during the quarter. Kennedy Capital Management LLC’s holdings in Graham were worth $9,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GHM. Invesco Ltd. raised its position in shares of 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 last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Graham in the second quarter valued at approximately $226,000. Quantbot Technologies LP acquired a new stake in Graham during the 2nd quarter valued at approximately $325,000. De Lisle Partners LLP raised its holdings in Graham by 3.5% during the 2nd quarter. De Lisle Partners LLP now owns 87,916 shares of the industrial products company’s stock worth $4,347,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Graham by 77.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 86,358 shares of the industrial products company’s stock worth $4,276,000 after purchasing an additional 37,781 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

GHM has been the topic of a number of analyst reports. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Noble Financial cut shares of Graham from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Graham Trading Up 2.9%

GHM opened at $58.96 on Friday. The company has a market cap of $647.93 million, a P/E ratio of 47.55 and a beta of 0.92. The company has a fifty day moving average price of $58.52 and a two-hundred day moving average price of $52.01. Graham Corporation has a 1-year low of $24.78 and a 1-year high of $64.66.

Graham (NYSE:GHM) last issued its earnings results on Friday, November 7th. The industrial products company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Graham had a net margin of 6.00% and a return on equity of 12.44%. The firm had revenue of $66.03 million during the quarter, compared to the consensus estimate of $57.55 million. On average, research analysts forecast that Graham Corporation will post 1.07 EPS for the current fiscal year.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.