Graham Corporation $GHM Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its stake in shares of Graham Corporation (NYSE:GHM) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 149,422 shares of the industrial products company’s stock after selling 32,805 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Graham were worth $9,597,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GHM. William Blair Investment Management LLC purchased a new stake in shares of Graham during the third quarter worth $15,043,000. Alyeska Investment Group L.P. purchased a new stake in shares of Graham during the third quarter worth $10,356,000. Invesco Ltd. grew its holdings in shares of Graham by 1,396.0% during the second quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after buying an additional 108,146 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Graham by 24.0% during the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock worth $25,237,000 after buying an additional 89,014 shares in the last quarter. Finally, Teton Advisors LLC purchased a new stake in shares of Graham during the third quarter worth $1,900,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Up 2.8%

Shares of GHM opened at $95.23 on Friday. Graham Corporation has a 12-month low of $35.85 and a 12-month high of $103.53. The firm has a 50-day moving average price of $89.72 and a 200 day moving average price of $76.83. The firm has a market capitalization of $1.11 billion, a P/E ratio of 70.54 and a beta of 1.05.

Wall Street Analysts Forecast Growth

GHM has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Graham in a report on Wednesday. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Zacks Research raised shares of Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Finally, Oppenheimer initiated coverage on shares of Graham in a report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.67.

About Graham

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.