Teton Advisors LLC Trims Stock Holdings in Graham Corporation $GHM

Teton Advisors LLC lowered its stake in Graham Corporation (NYSE:GHM) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,500 shares of the industrial products company’s stock after selling 6,100 shares during the quarter. Graham comprises about 1.3% of Teton Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Teton Advisors LLC owned about 0.26% of Graham worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in shares of Graham in the 3rd quarter valued at approximately $15,043,000. Alyeska Investment Group L.P. purchased a new position in shares of Graham during the 3rd quarter worth approximately $10,356,000. Invesco Ltd. increased its holdings in Graham by 1,396.0% in the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after purchasing an additional 108,146 shares during the last quarter. Royce & Associates LP raised its position in Graham by 24.0% in the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock valued at $25,237,000 after purchasing an additional 89,014 shares during the period. Finally, Roubaix Capital LLC raised its position in Graham by 56.9% in the third quarter. Roubaix Capital LLC now owns 69,364 shares of the industrial products company’s stock valued at $3,808,000 after purchasing an additional 25,168 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer began coverage on Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target for the company. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.67.

Graham Trading Up 0.3%

Shares of NYSE GHM opened at $98.58 on Monday. The stock has a market cap of $1.15 billion, a P/E ratio of 73.03 and a beta of 1.05. The business’s fifty day simple moving average is $88.80 and its 200-day simple moving average is $75.79. Graham Corporation has a 12-month low of $35.85 and a 12-month high of $103.53.

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.