Sei Investments Co. Raises Stake in Graham Corporation $GHM

Sei Investments Co. boosted its position in shares of Graham Corporation (NYSE:GHM) by 62.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 63,553 shares of the industrial products company’s stock after purchasing an additional 24,419 shares during the period. Sei Investments Co.’s holdings in Graham were worth $5,016,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GHM. Auto Owners Insurance Co boosted its stake in Graham by 6,323.0% in the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after buying an additional 695,530 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Graham by 2.2% during the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after buying an additional 12,974 shares during the period. Royce & Associates LP increased its position in Graham by 2.7% during the 4th quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock valued at $30,330,000 after purchasing an additional 12,509 shares during the period. Wasatch Advisors LP raised its stake in Graham by 6.1% in the second quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after buying an additional 18,084 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Graham by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock worth $19,142,000 after purchasing an additional 24,005 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Graham Stock Performance

NYSE GHM opened at $105.11 on Wednesday. The business’s 50 day moving average price is $106.96 and its 200-day moving average price is $93.02. Graham Corporation has a fifty-two week low of $46.08 and a fifty-two week high of $125.82. The company has a market cap of $1.23 billion, a P/E ratio of 93.02 and a beta of 1.04. 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 posted its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Graham had a net margin of 5.10% and a return on equity of 11.94%. The business had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $59.95 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts predict that Graham Corporation will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Oppenheimer increased their target price on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Northland Securities increased their price objective on shares of Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings cut Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Graham presently has an average rating of “Hold” and an average 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.