Vanguard Group Inc. grew its holdings in Graham Corporation (NYSE:GHM – Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 665,865 shares of the industrial products company’s stock after purchasing an additional 11,874 shares during the quarter. Vanguard Group Inc. owned 6.11% of Graham worth $19,190,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. De Lisle Partners LLP boosted its stake in shares of Graham by 33.6% in the first quarter. De Lisle Partners LLP now owns 84,916 shares of the industrial products company’s stock valued at $2,456,000 after purchasing an additional 21,366 shares during the period. Meeder Asset Management Inc. lifted its stake in Graham by 675.5% in the first quarter. Meeder Asset Management Inc. now owns 5,436 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 4,735 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its stake in Graham by 598.1% in the first quarter. Prescott Group Capital Management L.L.C. now owns 80,536 shares of the industrial products company’s stock worth $2,321,000 after acquiring an additional 69,000 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Graham by 12.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 202,714 shares of the industrial products company’s stock worth $5,842,000 after acquiring an additional 22,774 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Graham by 45.3% in the first quarter. Envestnet Asset Management Inc. now owns 12,528 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 3,905 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.
Graham Price Performance
Shares of Graham stock opened at $49.15 on Friday. The firm’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $40.33. The stock has a market capitalization of $539.61 million, a price-to-earnings ratio of 39.00 and a beta of 0.92. Graham Corporation has a 12 month low of $24.78 and a 12 month high of $58.00.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on GHM shares. Maxim Group upgraded shares of Graham to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, July 2nd. Northland Securities started coverage on shares of Graham in a research note on Monday, June 23rd. They issued an “outperform” rating and a $55.00 price target for the company. Finally, Northland Capmk upgraded shares of Graham to a “strong-buy” rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $60.00.
Check Out Our Latest Stock Report on GHM
Graham Profile
Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.
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