William Blair Investment Management LLC Has $19.14 Million Stock Holdings in Graham Corporation $GHM

William Blair Investment Management LLC increased its position in shares of Graham Corporation (NYSE:GHM) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,020 shares of the industrial products company’s stock after buying an additional 24,005 shares during the quarter. William Blair Investment Management LLC owned 2.71% of Graham worth $19,142,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Graham during the third quarter worth about $33,000. BNP Paribas Financial Markets grew its position in Graham by 62.8% during the second 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. Comerica Bank grew its position in Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares in the last quarter. Covestor Ltd grew its position in Graham by 4,697.4% during the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,832 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Graham during the third quarter worth about $138,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Up 0.3%

Shares of GHM opened at $95.23 on Tuesday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 70.54 and a beta of 1.05. Graham Corporation has a 12 month low of $35.85 and a 12 month high of $103.53. The company has a 50-day moving average price of $90.00 and a two-hundred day moving average price of $77.17.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Graham in a research note on Wednesday, May 20th. Oppenheimer assumed coverage on shares of Graham in a research note on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target for the company. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.67.

Graham Company 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.