Legato Capital Management LLC Has $3.25 Million Stock Holdings in Graham Corporation $GHM

Legato Capital Management LLC increased its holdings in shares of Graham Corporation (NYSE:GHM) by 21.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,519 shares of the industrial products company’s stock after purchasing an additional 9,004 shares during the quarter. Legato Capital Management LLC’s holdings in Graham were worth $3,245,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Royce & Associates LP increased its stake in Graham by 24.0% during the 3rd quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock worth $25,237,000 after purchasing an additional 89,014 shares in the last quarter. Roubaix Capital LLC increased its stake in Graham by 56.9% during the 3rd quarter. Roubaix Capital LLC now owns 69,364 shares of the industrial products company’s stock worth $3,808,000 after purchasing an additional 25,168 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Graham by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 134,480 shares of the industrial products company’s stock worth $8,638,000 after purchasing an additional 18,634 shares in the last quarter. Teton Advisors LLC bought a new stake in Graham during the 3rd quarter worth approximately $1,900,000. Finally, Tudor Investment Corp ET AL bought a new stake in Graham during the 3rd quarter worth approximately $1,142,000. 69.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GHM has been the subject of a number of research reports. Zacks Research raised Graham from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. Oppenheimer initiated coverage on Graham in a research note on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price for the company. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Graham in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Graham Stock Up 2.8%

Shares of GHM opened at $95.23 on Friday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 70.54 and a beta of 1.05. Graham Corporation has a twelve month low of $35.85 and a twelve month high of $103.53. The company has a 50 day moving average of $89.72 and a 200-day moving average of $76.83.

Graham 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.