Gamco Investors INC. ET AL Has $16.31 Million Holdings in Graham Corporation $GHM

Gamco Investors INC. ET AL lessened its holdings in shares of Graham Corporation (NYSE:GHM) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 253,857 shares of the industrial products company’s stock after selling 15,550 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Graham were worth $16,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC bought a new position in Graham in the 3rd quarter valued at about $15,043,000. Alyeska Investment Group L.P. bought a new stake in shares of Graham during the 3rd quarter worth approximately $10,356,000. Invesco Ltd. boosted its position in shares of Graham by 1,396.0% during the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after acquiring an additional 108,146 shares in the last quarter. Royce & Associates LP boosted its position in shares of Graham by 24.0% during the 3rd quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock worth $25,237,000 after acquiring an additional 89,014 shares in the last quarter. Finally, Teton Advisors LLC acquired a new stake in shares of Graham during the 3rd quarter worth approximately $1,900,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analysts Set New Price Targets

GHM has been the topic of several analyst reports. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Oppenheimer initiated coverage on shares of Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Graham Trading Down 3.9%

Shares of Graham stock opened at $94.43 on Tuesday. The firm’s 50 day moving average is $89.00 and its 200 day moving average is $76.03. The firm has a market capitalization of $1.10 billion, a PE ratio of 69.95 and a beta of 1.05. Graham Corporation has a 1 year low of $35.85 and a 1 year high of $103.53.

Graham 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.