Graham Corporation $GHM Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in Graham Corporation (NYSE:GHM) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,480 shares of the industrial products company’s stock after buying an additional 18,634 shares during the period. Exchange Traded Concepts LLC owned approximately 1.22% of Graham worth $8,638,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GHM. Blue Trust Inc. purchased a new stake in shares of Graham during the 3rd quarter valued at about $28,000. State of Alaska Department of Revenue purchased a new position in Graham in the 3rd quarter worth approximately $33,000. Comerica Bank boosted its holdings in Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 840 shares during the period. BNP Paribas Financial Markets grew its position in Graham by 62.8% in the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 410 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in Graham in the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Down 0.1%

NYSE:GHM opened at $78.08 on Monday. The business’s 50 day moving average is $80.20 and its two-hundred day moving average is $67.42. Graham Corporation has a 52 week low of $24.78 and a 52 week high of $91.91. The company has a market cap of $864.32 million, a PE ratio of 57.84 and a beta of 0.90.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $56.70 million during the quarter, compared to the consensus estimate of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. As a group, sell-side analysts expect that Graham Corporation will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Finally, Oppenheimer started coverage on shares of Graham in a research note on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

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.