Gamco Investors INC. ET AL Sells 9,950 Shares of Graham Corporation $GHM

Gamco Investors INC. ET AL cut its holdings in shares of Graham Corporation (NYSE:GHM) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,907 shares of the industrial products company’s stock after selling 9,950 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Graham were worth $19,249,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GHM. Bank of Nova Scotia raised its stake in Graham by 29.1% during the 1st quarter. Bank of Nova Scotia now owns 4,878 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 1,100 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Graham by 62.4% during the 1st quarter. Sei Investments Co. now owns 63,553 shares of the industrial products company’s stock worth $5,016,000 after purchasing an additional 24,419 shares during the period. Calamos Advisors LLC raised its position in shares of Graham by 4.1% during the first quarter. Calamos Advisors LLC now owns 24,660 shares of the industrial products company’s stock valued at $1,946,000 after buying an additional 979 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Graham in the first quarter valued at about $69,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Graham in the first quarter valued at about $815,000. 69.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Graham Price Performance

NYSE:GHM opened at $103.79 on Friday. The company has a 50-day moving average of $106.54 and a 200-day moving average of $91.49. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 91.85 and a beta of 1.01. Graham Corporation has a 52 week low of $46.08 and a 52 week high of $125.82. 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 issued its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $67.08 million for the quarter, compared to analyst estimates of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. As a group, equities research analysts anticipate that Graham Corporation will post 1.85 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.