364,800 Shares in Graham Corporation $GHM Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in Graham Corporation (NYSE:GHM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 364,800 shares of the industrial products company’s stock, valued at approximately $45,159,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westport Asset Management Inc. acquired a new stake in Graham during the 2nd quarter valued at approximately $171,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Graham in the second quarter worth $52,000. Silvant Capital Management LLC acquired a new stake in shares of Graham in the second quarter worth $101,000. Fifth Third Bancorp purchased a new position in shares of Graham during the first quarter worth $69,000. Finally, Comerica Bank raised its holdings in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 840 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Trading Up 1.5%

Shares of Graham stock opened at $101.51 on Friday. Graham Corporation has a twelve month low of $46.58 and a twelve month high of $125.82. The firm has a market capitalization of $1.19 billion, a PE ratio of 97.61 and a beta of 1.04. The firm’s 50-day moving average price is $108.71 and its 200 day moving average price is $96.10.

Graham (NYSE:GHM) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping 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 company had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. During the same period in the previous year, the business earned $0.45 EPS. Graham’s quarterly revenue was up 28.6% on a year-over-year basis. On average, sell-side analysts predict that Graham Corporation will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer upped their price target on shares of Graham to $130.00 and gave the company 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 research note on Wednesday, June 10th. Northland Securities boosted their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment 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 a consensus rating of “Hold” and a consensus price target 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.