Lisanti Capital Growth LLC Acquires New Position in Graham Corporation $GHM

Lisanti Capital Growth LLC acquired a new position in shares of Graham Corporation (NYSE:GHM) during the second quarter, HoldingsChannel reports. The fund acquired 39,005 shares of the industrial products company’s stock, valued at approximately $4,828,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Graham in the second quarter valued at about $110,235,000. Auto Owners Insurance Co lifted its position in shares of 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 valued at $4,538,000 after acquiring an additional 695,530 shares during the period. Royal Bank of Canada boosted its stake in shares of Graham by 7,833.6% during the 4th quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock worth $15,777,000 after acquiring an additional 242,529 shares in the last quarter. Agman Capital LLC acquired a new stake in shares of Graham in the 4th quarter worth approximately $14,079,000. Finally, Alyeska Investment Group L.P. purchased a new position in Graham in the 3rd quarter valued at approximately $10,356,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GHM shares. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Northland Securities upped their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Oppenheimer lifted their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $132.50.

Graham Stock Down 5.7%

GHM stock opened at $104.85 on Thursday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 100.82 and a beta of 1.04. Graham Corporation has a 52-week low of $46.58 and a 52-week high of $125.82. The stock’s fifty day simple moving average is $108.83 and its 200-day simple moving average is $95.85.

Graham (NYSE:GHM) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The firm had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. As a group, analysts anticipate that Graham Corporation will post 1.87 earnings per share for the current fiscal year.

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.