Graham Corporation $GHM Shares Acquired by Roubaix Capital LLC

Roubaix Capital LLC increased its holdings in Graham Corporation (NYSE:GHM) by 56.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,364 shares of the industrial products company’s stock after buying an additional 25,168 shares during the quarter. Graham comprises 1.8% of Roubaix Capital LLC’s portfolio, making the stock its 27th largest holding. Roubaix Capital LLC owned about 0.63% of Graham worth $3,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GHM. Blue Trust Inc. bought a new stake in shares of Graham during the third quarter valued at about $28,000. State of Alaska Department of Revenue bought a new stake in shares of Graham during the 3rd quarter worth about $33,000. BNP Paribas Financial Markets raised its position in shares of Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after buying an additional 410 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Graham by 130.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 667 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Graham by 171.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,242 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GHM shares. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Finally, Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.50.

Graham Stock Up 7.3%

Shares of Graham stock opened at $87.12 on Tuesday. Graham Corporation has a 12-month low of $24.78 and a 12-month high of $91.91. The firm has a market capitalization of $964.42 million, a PE ratio of 64.53 and a beta of 0.90. The stock’s fifty day moving average is $75.15 and its 200-day moving average is $62.89.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. Graham had a return on equity of 13.26% and a net margin of 6.28%.The firm had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $52.36 million. Analysts expect that Graham Corporation will post 1.07 EPS for the current 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.