Teton Advisors LLC Buys New Stake in Graham Corporation $GHM

Teton Advisors LLC bought a new stake in shares of Graham Corporation (NYSE:GHM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 34,600 shares of the industrial products company’s stock, valued at approximately $1,900,000. Graham makes up 1.2% of Teton Advisors LLC’s portfolio, making the stock its 26th largest position. Teton Advisors LLC owned approximately 0.32% of Graham as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GHM. Vanguard Group Inc. grew its stake in shares of Graham by 2.2% in the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock worth $33,074,000 after purchasing an additional 12,974 shares in the last quarter. Royce & Associates LP raised its stake in shares of Graham by 24.0% during the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock valued at $25,237,000 after purchasing an additional 89,014 shares in the last quarter. Wasatch Advisors LP lifted its holdings 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 purchasing an additional 18,084 shares during the period. William Blair Investment Management LLC acquired a new stake in Graham in the third quarter worth about $15,043,000. Finally, American Century Companies Inc. grew its position in Graham by 19.5% in the 2nd quarter. American Century Companies Inc. now owns 265,443 shares of the industrial products company’s stock valued at $13,142,000 after buying an additional 43,256 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Down 2.4%

Shares of Graham stock opened at $82.00 on Friday. The business has a fifty day simple moving average of $76.23 and a 200-day simple moving average of $63.65. Graham Corporation has a fifty-two week low of $24.78 and a fifty-two week high of $91.91. The firm has a market cap of $907.74 million, a price-to-earnings ratio of 60.74 and a beta of 0.90.

Graham (NYSE:GHM) last released its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. Graham had a return on equity of 13.26% and a net margin of 6.28%.The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $52.36 million. Analysts anticipate that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GHM shares. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Graham currently has a consensus rating of “Hold” and a consensus target price of $72.50.

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.