William Blair Investment Management LLC Acquires New Position in Graham Corporation $GHM

William Blair Investment Management LLC acquired a new position in shares of Graham Corporation (NYSE:GHM) during the 3rd quarter, HoldingsChannel reports. The firm acquired 274,015 shares of the industrial products company’s stock, valued at approximately $15,043,000.

A number of other large investors have also recently bought and sold shares of GHM. Blue Trust Inc. bought a new position in shares of Graham during the third quarter valued at approximately $28,000. State of Alaska Department of Revenue bought a new stake in shares of Graham in the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its position in Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 410 shares during the period. First Horizon Advisors Inc. grew its stake in Graham by 130.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after buying an additional 667 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Graham by 171.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,242 shares of the industrial products company’s stock worth $61,000 after buying an additional 784 shares during the period. Institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

NYSE:GHM opened at $87.12 on Tuesday. The stock has a market cap of $964.42 million, a price-to-earnings ratio of 64.53 and a beta of 0.90. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $91.91. The business has a fifty day moving average of $75.15 and a 200-day moving average of $62.89.

Graham (NYSE:GHM) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. On average, equities research analysts predict that Graham Corporation will post 1.07 EPS for the current year.

Analysts Set New Price Targets

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

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.