De Lisle Partners LLP Buys Shares of 89,916 Graham Corporation $GHM

Key Points

• De Lisle Partners LLP acquired 89,916 shares of Graham Corporation during the second quarter, worth approximately $11.1 million and representing 0.77% of the company. Institutional investors collectively own 69.46% of Graham.
• Graham reported stronger-than-expected quarterly results, with EPS of $0.49 versus the $0.27 consensus and revenue of $71.34 million, up 28.6% year over year.
• Analyst sentiment is mixed: Graham has a consensus “Hold” rating and a $132.50 average price target, while shares recently traded at $101.51 after gaining 1.5%.

De Lisle Partners LLP bought a new position in shares of Graham Corporation (NYSE:GHM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 89,916 shares of the industrial products company's stock, valued at approximately $11,141,000. Graham accounts for approximately 1.2% of De Lisle Partners LLP's investment portfolio, making the stock its 21st largest holding. De Lisle Partners LLP owned 0.77% of Graham as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of Graham by 40.6% in the 2nd quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company's stock valued at $731,000 after buying an additional 4,257 shares during the period. Quantbot Technologies LP bought a new position in Graham in the second quarter worth about $325,000. Arrowstreet Capital Limited Partnership acquired a new position in Graham in the second quarter valued at approximately $226,000. Invesco Ltd. boosted its stake in Graham by 1,396.0% in the second quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company's stock valued at $5,738,000 after acquiring an additional 108,146 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of Graham during the second quarter valued at approximately $783,000. 69.46% of the stock is currently owned by institutional investors.

Graham Trading Up 1.5%

Shares of NYSE:GHM opened at $101.51 on Friday. The firm's 50 day moving average is $108.71 and its two-hundred day moving average is $96.10. Graham Corporation has a 52 week low of $46.58 and a 52 week high of $125.82. The firm has a market capitalization of $1.19 billion, a P/E ratio of 97.61 and a beta of 1.04.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share 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 analysts' expectations of $65.60 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business's revenue for the quarter was up 28.6% compared to the same quarter last year. Analysts predict that Graham Corporation will post 1.87 EPS for the current year.

Analyst Upgrades and Downgrades

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

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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