Grace & White Inc. NY Sells 15,539 Shares of Graham Corporation $GHM

Grace & White Inc. NY lowered its holdings in Graham Corporation (NYSE:GHM) by 68.0% during the first quarter, Holdings Channel.com reports. The firm owned 7,300 shares of the industrial products company’s stock after selling 15,539 shares during the period. Grace & White Inc. NY’s holdings in Graham were worth $576,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Graham by 62.8% in the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after buying an additional 410 shares in the last quarter. Comerica Bank lifted its position in Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares in the last quarter. Covestor Ltd grew its holdings in Graham by 4,697.4% during the 4th quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,832 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Graham by 385.1% during the 4th quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 2,322 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Graham in the 4th quarter valued at about $201,000. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

GHM has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Oppenheimer increased their price target on shares of Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Northland Securities boosted their price objective on shares of Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wall Street Zen lowered Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Graham Price Performance

GHM opened at $121.99 on Friday. The company has a fifty day moving average price of $100.82 and a two-hundred day moving average price of $85.18. The firm has a market capitalization of $1.43 billion, a PE ratio of 107.96 and a beta of 1.04. Graham Corporation has a 52 week low of $46.08 and a 52 week high of $124.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00.

Graham (NYSE:GHM) last announced its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 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 firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, analysts anticipate that Graham Corporation will post 1.85 earnings per share for the current 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.