Quantbot Technologies LP Acquires New Stake in Graham Corporation $GHM

Quantbot Technologies LP acquired a new stake in Graham Corporation (NYSE:GHM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,839 shares of the industrial products company’s stock, valued at approximately $1,342,000.

A number of other large investors also recently bought and sold shares of GHM. BlackRock Inc. purchased a new position in Graham in the second quarter valued at about $110,235,000. Auto Owners Insurance Co boosted its stake 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 worth $4,538,000 after acquiring an additional 695,530 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Graham in the 2nd quarter worth approximately $45,159,000. Royal Bank of Canada grew its holdings in shares of Graham by 7,833.6% in 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 during the period. Finally, Agman Capital LLC acquired a new stake in shares of Graham in the 4th quarter worth approximately $14,079,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of Graham stock opened at $93.60 on Wednesday. Graham Corporation has a 1 year low of $46.58 and a 1 year high of $125.82. The company has a market capitalization of $1.10 billion, a P/E ratio of 90.00 and a beta of 1.04. The business has a 50 day moving average price of $108.10 and a 200 day moving average price of $96.55.

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

Wall Street Analysts Forecast Growth

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

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.