Punch & Associates Investment Management Inc. Has $4.51 Million Stock Holdings in Graham Corporation $GHM

Punch & Associates Investment Management Inc. reduced its position in shares of Graham Corporation (NYSE:GHM) by 12.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,138 shares of the industrial products company’s stock after selling 8,365 shares during the period. Punch & Associates Investment Management Inc. owned approximately 0.49% of Graham worth $4,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AdvisorShares Investments LLC boosted its holdings in shares of Graham by 7.9% in the 4th quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 238 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Graham by 1.5% during the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 319 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Graham by 8.3% during the 1st quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock worth $337,000 after buying an additional 326 shares in the last quarter. Barclays PLC raised its holdings in shares of Graham by 2.2% during the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 350 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Graham by 6.4% during the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock worth $377,000 after buying an additional 355 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

Graham Trading Down 1.6%

NYSE GHM opened at $103.79 on Friday. The company has a market cap of $1.22 billion, a price-to-earnings 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. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average is $106.54 and its 200 day moving average is $91.49.

Graham (NYSE:GHM) last issued its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. Graham had a return on equity of 11.94% and a net margin of 5.10%.The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, sell-side analysts expect that Graham Corporation will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GHM shares. Northland Securities raised their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Oppenheimer lifted their price target on shares of Graham to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Wall Street Zen cut shares of Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $132.50.

Graham Company 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.