34,600 Shares in Graham Corporation $GHM Acquired by Teton Advisors LLC

Teton Advisors LLC purchased a new position in Graham Corporation (NYSE:GHM) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 34,600 shares of the industrial products company’s stock, valued at approximately $1,900,000. Graham makes up about 1.2% of Teton Advisors LLC’s holdings, making the stock its 26th biggest holding.

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

Wall Street Analysts Forecast Growth

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

Graham Stock Performance

NYSE GHM opened at $82.00 on Friday. Graham Corporation has a twelve month low of $24.78 and a twelve month high of $91.91. The stock has a market cap of $907.74 million, a price-to-earnings ratio of 60.74 and a beta of 0.90. The firm’s 50 day moving average price is $76.23 and its two-hundred day moving average price is $63.65.

Graham (NYSE:GHM) last released its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The company had revenue of $56.70 million during the quarter, compared to analyst estimates of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. On average, research analysts forecast that Graham Corporation will post 1.07 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.