De Lisle Partners LLP Has $2.46 Million Holdings in Graham Corporation (NYSE:GHM)

Key Points

• De Lisle Partners LLP increased its stake in Graham Corporation (NYSE:GHM) by 33.6% during Q1, owning 84,916 shares worth approximately $2.46 million.
• Other institutional investors, including New York State Teachers Retirement System and GAMMA Investing LLC, also significantly boosted their holdings in Graham, reflecting growing institutional interest.
• Graham Corporation reported an EPS of $0.43 for the last quarter, exceeding estimates, and has received positive ratings from analysts with price targets as high as $65.00.

De Lisle Partners LLP increased its stake in Graham Corporation (NYSE:GHM - Free Report) by 33.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,916 shares of the industrial products company's stock after purchasing an additional 21,366 shares during the period. De Lisle Partners LLP owned approximately 0.78% of Graham worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its position in Graham by 839.0% during the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after buying an additional 839 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Graham in the 1st quarter valued at about $29,000. Meeder Asset Management Inc. bought a new stake in shares of Graham in the 4th quarter valued at about $31,000. Russell Investments Group Ltd. raised its holdings in shares of Graham by 18,025.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 1,442 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 536 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GHM has been the topic of a number of research analyst reports. Northland Capmk raised shares of Graham to a "strong-buy" rating in a report on Monday, June 23rd. 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 Securities began coverage on shares of Graham in a report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target on the stock.

Graham Price Performance

Graham stock traded down $1.71 during trading hours on Friday, hitting $55.44. The company had a trading volume of 116,663 shares, compared to its average volume of 101,454. The firm has a market cap of $608.78 million, a PE ratio of 49.95 and a beta of 0.90. Graham Corporation has a one year low of $24.78 and a one year high of $58.00. The firm has a 50-day moving average of $48.20 and a 200 day moving average of $39.55.

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

About Graham

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.