Exchange Traded Concepts LLC Purchases 32,790 Shares of Graham Corporation $GHM

Exchange Traded Concepts LLC boosted its position in shares of Graham Corporation (NYSE:GHM) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,846 shares of the industrial products company’s stock after purchasing an additional 32,790 shares during the period. Exchange Traded Concepts LLC owned about 1.06% of Graham worth $6,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Graham by 1.8% during the first quarter. Vanguard Group Inc. now owns 665,865 shares of the industrial products company’s stock valued at $19,190,000 after buying an additional 11,874 shares during the period. Wasatch Advisors LP lifted its stake in shares of Graham by 6.1% during the 2nd quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after acquiring an additional 18,084 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Graham by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company’s stock valued at $8,107,000 after acquiring an additional 4,850 shares during the period. 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 acquiring an additional 43,256 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Graham by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 240,407 shares of the industrial products company’s stock valued at $11,905,000 after acquiring an additional 4,342 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Price Performance

GHM opened at $69.61 on Wednesday. The firm has a market capitalization of $765.00 million, a PE ratio of 56.14 and a beta of 0.92. The business’s 50-day moving average is $60.26 and its two-hundred day moving average is $54.38. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $70.43.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Graham had a net margin of 6.00% and a return on equity of 12.44%. The firm had revenue of $66.03 million for the quarter, compared to analysts’ expectations of $57.55 million. As a group, sell-side analysts expect that Graham Corporation will post 1.07 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GHM. Noble Financial downgraded Graham from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings raised shares of Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

About Graham

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.