De Lisle Partners LLP acquired a new position in Graham Corporation (NYSE:GHM – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 89,916 shares of the industrial products company’s stock, valued at approximately $11,141,000. Graham accounts for 1.2% of De Lisle Partners LLP’s holdings, making the stock its 21st biggest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Westport Asset Management Inc. bought a new stake in shares of Graham during the 2nd quarter worth about $171,000. AdvisorShares Investments LLC boosted its holdings in shares of Graham by 7.9% in the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 238 shares in the last quarter. Raymond James Financial Inc. boosted its holdings 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 valued at $1,186,000 after acquiring an additional 319 shares in the last quarter. Diversified Trust Co increased its stake in shares of Graham by 8.3% during the first quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 326 shares during the period. Finally, Barclays PLC increased its stake in shares of Graham by 2.2% during the fourth quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 350 shares during the period. Institutional investors own 69.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on GHM. Northland Securities boosted their target price on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research report 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, Oppenheimer upped their price objective on Graham to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $132.50.
Graham Price Performance
Shares of GHM opened at $101.51 on Friday. The firm’s 50 day moving average is $108.71 and its 200-day moving average is $96.10. The stock has a market capitalization of $1.19 billion, a P/E ratio of 97.61 and a beta of 1.04. Graham Corporation has a 12-month low of $46.58 and a 12-month high of $125.82.
Graham (NYSE:GHM – Get Free Report) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Graham had a net margin of 4.53% and a return on equity of 11.09%. The business had revenue of $71.34 million for the quarter, compared to the consensus estimate of $65.60 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities research analysts forecast that Graham Corporation will post 1.87 EPS for the current fiscal year.
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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