Tudor Investment Corp ET AL Acquires New Stake in Graham Corporation $GHM

Tudor Investment Corp ET AL acquired a new stake in Graham Corporation (NYSE:GHM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,793 shares of the industrial products company’s stock, valued at approximately $1,142,000.

A number of other large investors also recently bought and sold shares of GHM. Blue Trust Inc. acquired a new stake in shares of Graham in the 3rd quarter worth $28,000. State of Alaska Department of Revenue acquired a new position in shares of Graham during the third quarter worth about $33,000. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 410 shares in the last quarter. Comerica Bank raised its holdings 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 purchasing an additional 840 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in Graham in the third quarter valued at about $71,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

GHM has been the topic of a number of analyst reports. Oppenheimer started coverage on Graham in a report on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 price objective on the stock. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.67.

Graham Stock Down 3.2%

Shares of NYSE GHM opened at $75.66 on Tuesday. The stock has a market capitalization of $837.56 million, a price-to-earnings ratio of 56.04 and a beta of 0.90. Graham Corporation has a 52 week low of $24.78 and a 52 week high of $91.91. The firm has a 50-day moving average price of $80.23 and a 200 day moving average price of $67.61.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. Graham had a net margin of 6.28% and a return on equity of 13.26%. The company had revenue of $56.70 million for the quarter, compared to analyst estimates of $52.36 million. Equities research analysts expect that Graham Corporation will post 1.07 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.