Squarepoint Ops LLC Makes New $4.47 Million Investment in Graham Corporation $GHM

Squarepoint Ops LLC acquired a new position in shares of Graham Corporation (NYSE:GHM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 36,153 shares of the industrial products company’s stock, valued at approximately $4,475,000. Squarepoint Ops LLC owned 0.31% of Graham at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Nicholas Investment Partners LP acquired a new stake in Graham during the 4th quarter worth about $1,888,000. Legato Capital Management LLC grew its stake in Graham by 21.7% during the 4th quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company’s stock valued at $3,245,000 after purchasing an additional 9,004 shares during the last quarter. Agman Capital LLC acquired a new position in shares of Graham in the fourth quarter valued at about $14,079,000. BlackRock Inc. purchased a new position in shares of Graham in the second quarter worth about $110,235,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Graham in the second quarter worth about $45,159,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Oppenheimer lifted their target price on Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Northland Securities lifted their price objective on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Graham has a consensus rating of “Hold” and an average price target of $132.50.

Graham Stock Up 2.3%

Shares of GHM opened at $87.47 on Friday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.10 and a beta of 1.05. Graham Corporation has a 52 week low of $48.47 and a 52 week high of $125.82. The stock’s 50-day moving average price is $100.66 and its 200-day moving average price is $96.85.

Graham (NYSE:GHM) last announced its quarterly 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 company had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. Graham had a return on equity of 11.09% and a net margin of 4.53%.Graham’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities analysts anticipate that Graham Corporation will post 1.87 EPS for the current fiscal year.

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.