William Blair Investment Management LLC Purchases 24,005 Shares of Graham Corporation $GHM

William Blair Investment Management LLC grew its position in Graham Corporation (NYSE:GHM) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 298,020 shares of the industrial products company’s stock after buying an additional 24,005 shares during the quarter. William Blair Investment Management LLC’s holdings in Graham were worth $19,142,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Legato Capital Management LLC raised its stake in shares of Graham by 21.7% in the fourth quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company’s stock valued at $3,245,000 after acquiring an additional 9,004 shares during the last quarter. Covestor Ltd raised its stake in shares of Graham by 4,697.4% in the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,832 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Graham by 30.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,293 shares of the industrial products company’s stock valued at $683,000 after acquiring an additional 2,406 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Graham by 385.1% in the fourth quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Graham by 16.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 134,480 shares of the industrial products company’s stock valued at $8,638,000 after acquiring an additional 18,634 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of Graham stock opened at $95.23 on Tuesday. The firm has a market cap of $1.11 billion, a P/E ratio of 70.54 and a beta of 1.05. The firm has a 50 day simple moving average of $90.00 and a 200 day simple moving average of $77.17. Graham Corporation has a fifty-two week low of $35.85 and a fifty-two week high of $103.53.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GHM. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Graham in a research note on Wednesday, May 20th. Oppenheimer initiated coverage on shares of Graham in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Zacks Research raised shares of Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.67.

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.