20,507 Shares in Graham Corporation (NYSE:GHM) Purchased by Calamos Advisors LLC

Calamos Advisors LLC bought a new stake in shares of Graham Corporation (NYSE:GHM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,507 shares of the industrial products company's stock, valued at approximately $591,000. Calamos Advisors LLC owned approximately 0.19% of Graham at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GHM. Invesco Ltd. boosted its stake in shares of Graham by 1,479.1% during the 4th quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company's stock valued at $7,043,000 after purchasing an additional 148,340 shares in the last quarter. American Century Companies Inc. lifted its position in Graham by 137.4% during the 4th quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company's stock valued at $6,122,000 after acquiring an additional 79,671 shares during the period. Annex Advisory Services LLC purchased a new position in Graham during the 1st quarter valued at about $1,064,000. Exchange Traded Concepts LLC lifted its position in Graham by 106.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 61,407 shares of the industrial products company's stock valued at $1,770,000 after acquiring an additional 31,619 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Graham by 8.7% during the 4th quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock valued at $16,693,000 after acquiring an additional 29,900 shares during the period. Institutional investors own 69.46% of the company's stock.

Graham Price Performance

Shares of GHM stock traded down $1.25 during mid-day trading on Thursday, hitting $51.53. The company had a trading volume of 91,613 shares, compared to its average volume of 81,171. The company has a market capitalization of $564.25 million, a P/E ratio of 46.42 and a beta of 0.90. The stock's 50 day moving average price is $42.57 and its 200-day moving average price is $38.53. Graham Corporation has a 52-week low of $24.78 and a 52-week high of $53.85.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.17. The firm had revenue of $59.35 million for the quarter, compared to analysts' expectations of $55.67 million. Graham had a net margin of 5.83% and a return on equity of 12.07%. On average, equities research analysts expect that Graham Corporation will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

GHM has been the subject of a number of research analyst reports. Northland Securities initiated coverage on shares of Graham in a research note on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target for the company. Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 price target on the stock in a report on Wednesday, July 2nd. Finally, Northland Capmk raised shares of Graham to a "strong-buy" rating in a report on Monday, June 23rd.

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.