Calamos Advisors LLC Sells 12,333 Shares of Graham Corporation $GHM

Key Points

• Calamos Advisors LLC cut its stake in Graham by 34.2%, selling 12,333 shares and leaving it with 23,681 shares worth about $1.52 million.
• Graham beat Q4 estimates with EPS of $0.31 (vs. $0.17) and revenue of $56.7M, and currently trades near its 1-year high with a market cap of $1.05B and a P/E of 70.11.
• Analyst sentiment is mixed-to-positive—recent upgrades from Northland, Oppenheimer and Zacks, a consensus target of $81.67—and institutional investors own roughly 69.46% of the stock.

Calamos Advisors LLC lowered its stake in shares of Graham Corporation (NYSE:GHM - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,681 shares of the industrial products company's stock after selling 12,333 shares during the period. Calamos Advisors LLC owned 0.22% of Graham worth $1,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. increased its holdings in shares of Graham by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company's stock valued at $1,186,000 after acquiring an additional 319 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company's stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Blue Trust Inc. bought a new stake in Graham during the third quarter valued at about $28,000. State of Alaska Department of Revenue bought a new stake in Graham during the third quarter valued at about $33,000. Finally, Two Sigma Investments LP grew its stake in Graham by 14.7% in the third quarter. Two Sigma Investments LP now owns 5,467 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 69.46% of the company's stock.

Graham Price Performance

Shares of NYSE:GHM opened at $94.65 on Tuesday. The business's 50-day moving average is $85.17 and its 200 day moving average is $72.67. Graham Corporation has a 1 year low of $29.58 and a 1 year high of $98.40. The firm has a market capitalization of $1.05 billion, a P/E ratio of 70.11 and a beta of 0.95.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.14. Graham had a return on equity of 13.26% and a net margin of 6.28%.The business had revenue of $56.70 million for the quarter, compared to analyst estimates of $52.36 million. On average, analysts expect that Graham Corporation will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GHM. Northland Securities upgraded shares of Graham from a "market perform" rating to an "outperform" rating in a report on Tuesday, February 10th. Oppenheimer initiated coverage on shares of Graham in a research report on Wednesday, March 18th. They issued an "outperform" rating and a $100.00 price objective on the stock. Zacks Research upgraded shares of Graham from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of Graham from a "buy (b-)" rating to a "hold (c)" rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.67.

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.

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