Walleye Capital LLC acquired a new stake in shares of Graham Corporation (NYSE:GHM – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 4,797 shares of the industrial products company’s stock, valued at approximately $594,000.
A number of other hedge funds also recently made changes to their positions in the stock. AdvisorShares Investments LLC increased its holdings in Graham by 7.9% in the 4th quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 238 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Graham by 1.5% in the third quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 319 shares during the period. Diversified Trust Co increased its stake in shares of Graham by 8.3% in the first quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 326 shares in the last quarter. Barclays PLC lifted its stake in shares of Graham by 2.2% during the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after buying an additional 350 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Graham by 6.4% in the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock worth $377,000 after buying an additional 355 shares during the period. 69.46% of the stock is currently owned by institutional investors.
Graham Stock Performance
Shares of NYSE GHM opened at $113.64 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 109.27 and a beta of 1.04. Graham Corporation has a 52-week low of $46.58 and a 52-week high of $125.82. The firm’s fifty day moving average is $108.03 and its two-hundred day moving average is $94.87.
Wall Street Analysts Forecast Growth
GHM has been the subject of a number of analyst reports. Oppenheimer increased their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Northland Securities boosted their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $132.50.
Read Our Latest Report on Graham
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.
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