Wasatch Advisors LP Acquires 24,961 Shares of Graham Co. (NYSE:GHM)

Wasatch Advisors LP raised its position in shares of Graham Co. (NYSE:GHM) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,726 shares of the industrial products company’s stock after purchasing an additional 24,961 shares during the quarter. Wasatch Advisors LP owned 3.33% of Graham worth $9,841,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GHM. WealthTrust Axiom LLC lifted its holdings in shares of Graham by 5.2% in the fourth quarter. WealthTrust Axiom LLC now owns 45,690 shares of the industrial products company’s stock worth $867,000 after buying an additional 2,250 shares in the last quarter. Citigroup Inc. purchased a new stake in Graham during the third quarter valued at $536,000. O Shaughnessy Asset Management LLC raised its stake in Graham by 12.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 33,003 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 3,628 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Graham during the fourth quarter valued at $148,000. Finally, Ritholtz Wealth Management raised its stake in Graham by 18.9% during the fourth quarter. Ritholtz Wealth Management now owns 20,226 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 3,222 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.7 %

NYSE:GHM traded down $0.19 during mid-day trading on Tuesday, reaching $28.42. The company’s stock had a trading volume of 71,461 shares, compared to its average volume of 86,427. Graham Co. has a 1 year low of $12.34 and a 1 year high of $34.72. The stock has a fifty day moving average of $28.42 and a 200-day moving average of $25.16. The firm has a market capitalization of $308.93 million, a PE ratio of 66.09 and a beta of 0.59.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, June 7th. The industrial products company reported $0.12 earnings per share for the quarter. The company had revenue of $49.07 million during the quarter. Graham had a net margin of 2.46% and a return on equity of 4.45%. On average, analysts expect that Graham Co. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Tuesday, June 4th. Noble Financial initiated coverage on shares of Graham in a report on Monday, June 24th. They issued an “outperform” rating and a $35.00 price target on the stock.

Graham Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.