Graham Corporation $GHM Shares Sold by Teton Advisors LLC

Teton Advisors LLC reduced its stake in Graham Corporation (NYSE:GHM) by 25.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,300 shares of the industrial products company’s stock after selling 7,200 shares during the period. Graham makes up about 1.2% of Teton Advisors LLC’s holdings, making the stock its 27th largest holding. Teton Advisors LLC’s holdings in Graham were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Auto Owners Insurance Co grew its stake in Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after purchasing an additional 695,530 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Graham by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after purchasing an additional 12,974 shares during the last quarter. Royce & Associates LP increased its position in shares of Graham by 2.7% in the 4th quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock valued at $30,330,000 after purchasing an additional 12,509 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Graham by 6.1% in the 2nd quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock valued at $15,655,000 after purchasing an additional 18,084 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Graham by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock valued at $19,142,000 after purchasing an additional 24,005 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Price Performance

Shares of GHM opened at $103.79 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $106.54 and its two-hundred day moving average is $91.49. The firm has a market capitalization of $1.22 billion, a PE ratio of 91.85 and a beta of 1.01. Graham Corporation has a twelve month low of $46.08 and a twelve month high of $125.82.

Graham (NYSE:GHM) last posted its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Graham had a return on equity of 11.94% and a net margin of 5.10%.The firm had revenue of $67.08 million for the quarter, compared to the consensus estimate of $59.95 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts anticipate that Graham Corporation will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Northland Securities boosted their price target on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Oppenheimer lifted their target price on shares of 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 stock. According to MarketBeat, Graham has a consensus rating of “Hold” and a consensus target price of $132.50.

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.