Royce & Associates LP lifted its holdings in shares of Graham Corporation (NYSE:GHM – Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 472,207 shares of the industrial products company’s stock after acquiring an additional 12,509 shares during the period. Royce & Associates LP’s holdings in Graham were worth $30,330,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its position in Graham by 40.6% in the 2nd quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 4,257 shares in the last quarter. Quantbot Technologies LP bought a new stake in Graham in the 2nd quarter worth about $325,000. Arrowstreet Capital Limited Partnership bought a new stake in Graham in the 2nd quarter worth about $226,000. Invesco Ltd. grew its position in Graham by 1,396.0% in the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after purchasing an additional 108,146 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Graham in the 2nd quarter worth about $783,000. 69.46% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on GHM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Graham in a research report on Wednesday, May 20th. Zacks Research raised shares of Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Finally, Oppenheimer began coverage on shares of Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.
Graham Stock Up 0.3%
Graham stock opened at $95.23 on Tuesday. Graham Corporation has a twelve month low of $35.85 and a twelve month high of $103.53. The firm has a 50 day moving average price of $90.00 and a 200-day moving average price of $77.17. The company has a market capitalization of $1.11 billion, a P/E ratio of 70.54 and a beta of 1.05.
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.
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