Quantbot Technologies LP Acquires New Position in Graham Corporation $GHM

Quantbot Technologies LP bought a new position in shares of Graham Corporation (NYSE:GHM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,839 shares of the industrial products company’s stock, valued at approximately $1,342,000. Quantbot Technologies LP owned 0.09% of Graham as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westport Asset Management Inc. acquired a new stake in shares of Graham in the second quarter valued at $171,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Graham during the 2nd quarter worth $52,000. Silvant Capital Management LLC purchased a new stake in Graham during the 2nd quarter worth about $101,000. Fifth Third Bancorp purchased a new stake in Graham during the 1st quarter worth about $69,000. Finally, Comerica Bank raised its position 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 purchasing an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Down 3.7%

Shares of NYSE GHM opened at $93.60 on Wednesday. The stock has a market cap of $1.10 billion, a P/E ratio of 90.00 and a beta of 1.04. Graham Corporation has a twelve month low of $46.58 and a twelve month high of $125.82. The stock has a 50 day moving average of $108.10 and a two-hundred day moving average of $96.55.

Graham (NYSE:GHM) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $71.34 million for the quarter, compared to analyst estimates of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, research analysts predict that Graham Corporation will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GHM. Northland Securities lifted their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Oppenheimer raised their target price on shares of Graham to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $132.50.

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.