Annex Advisory Services LLC Cuts Stake in Graham Corporation $GHM

Annex Advisory Services LLC cut its stake in Graham Corporation (NYSE:GHM) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,781 shares of the industrial products company’s stock after selling 7,980 shares during the quarter. Annex Advisory Services LLC owned approximately 0.30% of Graham worth $1,800,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Graham during the first quarter valued at approximately $553,000. Panagora Asset Management Inc. increased its position in shares of Graham by 30.2% during the first quarter. Panagora Asset Management Inc. now owns 54,971 shares of the industrial products company’s stock worth $1,584,000 after purchasing an additional 12,739 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Graham by 58.1% in the 1st quarter. Advisors Asset Management Inc. now owns 11,796 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 4,333 shares during the last quarter. Strs Ohio acquired a new position in Graham in the 1st quarter valued at $467,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Graham by 35.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 83,056 shares of the industrial products company’s stock valued at $4,112,000 after purchasing an additional 21,649 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE GHM opened at $68.21 on Tuesday. The company has a market capitalization of $749.59 million, a P/E ratio of 55.01 and a beta of 0.92. The company has a 50 day simple moving average of $60.96 and a 200-day simple moving average of $55.06. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $72.09.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GHM shares. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings raised shares of Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 22nd. Finally, Noble Financial cut Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Graham presently has a consensus 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.