Graham Corporation (NYSE:GHM) Shares Purchased by Prescott Group Capital Management L.L.C.

Key Points

• Prescott Group Capital Management L.L.C. significantly increased its stake in Graham Corporation by 598.1%, owning approximately 0.74% of the company valued at $2.32 million after acquiring an additional 69,000 shares.
• Graham Corporation reported an earnings per share (EPS) of $0.43, exceeding analysts' expectations of $0.26, with a net margin of 5.83% for the quarter ending June 9th.
• Multiple analysts have recently upgraded Graham’s stock rating, with Northland Capital Markets giving it a "strong-buy" rating and Maxim Group setting a price target of $65.00.

Prescott Group Capital Management L.L.C. increased its position in shares of Graham Corporation (NYSE:GHM - Free Report) by 598.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,536 shares of the industrial products company's stock after acquiring an additional 69,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.74% of Graham worth $2,321,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System grew 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 purchasing an additional 839 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Graham during the 1st quarter worth approximately $29,000. Meeder Asset Management Inc. purchased a new stake in Graham during the 4th quarter worth approximately $31,000. Russell Investments Group Ltd. grew its position in Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock worth $64,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Graham by 26.0% during the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock worth $116,000 after purchasing an additional 536 shares during the last quarter. Institutional investors own 69.46% of the company's stock.

Graham Trading Down 1.4%

Shares of GHM stock traded down $0.81 during trading hours on Tuesday, hitting $54.93. The company's stock had a trading volume of 26,658 shares, compared to its average volume of 100,905. The company has a 50 day moving average of $47.06 and a 200 day moving average of $39.22. Graham Corporation has a 12-month low of $24.78 and a 12-month high of $56.96. The stock has a market cap of $603.08 million, a PE ratio of 49.48 and a beta of 0.90.

Graham (NYSE:GHM - Get Free Report) last posted 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. Graham had a net margin of 5.83% and a return on equity of 12.07%. The firm had revenue of $59.35 million during the quarter, compared to analysts' expectations of $55.67 million. As a group, analysts anticipate that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Northland Securities assumed coverage on shares of Graham in a research report on Monday, June 23rd. They set an "outperform" rating and a $55.00 target price on the stock. Northland Capmk raised shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Finally, Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 target price on the stock in a research report on Wednesday, July 2nd.

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.