Graham Corporation $GHM Shares Sold by Teton Advisors LLC

Teton Advisors LLC trimmed its position in shares of Graham Corporation (NYSE:GHM) by 25.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,300 shares of the industrial products company’s stock after selling 7,200 shares during the quarter. Graham makes up about 1.2% of Teton Advisors LLC’s portfolio, making the stock its 27th biggest holding. Teton Advisors LLC owned 0.18% of Graham worth $1,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 410 shares in the last quarter. Comerica Bank grew its stake in Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Graham during the first quarter worth about $69,000. Covestor Ltd lifted its stake in Graham by 4,697.4% in the 4th quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,832 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Graham by 385.1% in the 4th quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock worth $187,000 after buying an additional 2,322 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GHM shares. Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Oppenheimer raised their price target on shares of Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Wall Street Zen lowered shares of Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $132.50.

Graham Price Performance

NYSE:GHM opened at $103.79 on Friday. Graham Corporation has a 52 week low of $46.08 and a 52 week high of $125.82. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.22 billion, a P/E ratio of 91.85 and a beta of 1.01. The stock’s fifty day moving average is $106.54 and its two-hundred day moving average is $91.49.

Graham (NYSE:GHM) last released its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. Graham had a return on equity of 11.94% and a net margin of 5.10%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Equities analysts expect that Graham Corporation will post 1.85 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.