American Capital Management Inc. Invests $6.44 Million in Graham Corporation $GHM

Key Points

• American Capital Management purchased 52,050 Graham shares worth approximately $6.44 million, representing about 0.44% of the company. Institutional investors collectively own 69.46% of Graham’s stock.
• Analyst sentiment is mixed: Northland Securities and Oppenheimer maintained “outperform” ratings with price targets of $135 and $130, while other firms moved to “hold.” The consensus rating is “Hold,” with a target price of $132.50.
• Graham reported quarterly EPS of $0.49, beating estimates of $0.27, while revenue rose 28.6% year over year to $71.34 million. Shares opened at $91.15, down 2.2%, with a 12-month range of $46.58 to $125.82.

American Capital Management Inc. purchased a new stake in shares of Graham Corporation (NYSE:GHM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,050 shares of the industrial products company's stock, valued at approximately $6,443,000. American Capital Management Inc. owned about 0.44% of Graham at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nicholas Investment Partners LP bought a new stake in Graham during the fourth quarter worth approximately $1,888,000. Agman Capital LLC purchased a new position in Graham during the fourth quarter worth $14,079,000. Legato Capital Management LLC increased its position in Graham by 21.7% during the fourth quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company's stock valued at $3,245,000 after acquiring an additional 9,004 shares during the last quarter. State of Wyoming bought a new stake in Graham in the second quarter worth about $1,107,000. Finally, William Blair Investment Management LLC bought a new position in Graham in the 2nd quarter valued at $45,159,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GHM. Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Graham from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Graham from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research cut Graham from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 10th. Finally, Oppenheimer increased their price objective on Graham to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $132.50.

Graham Trading Down 2.2%

GHM stock opened at $91.15 on Thursday. Graham Corporation has a 12 month low of $46.58 and a 12 month high of $125.82. The firm has a 50-day moving average of $107.60 and a two-hundred day moving average of $96.67. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 87.65 and a beta of 1.04.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The company had revenue of $71.34 million for the quarter, compared to the consensus estimate of $65.60 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company's revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts forecast that Graham Corporation will post 1.87 earnings per share for the current year.

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.

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