Lisanti Capital Growth LLC Takes Position in Graham Corporation $GHM

Key Points

• Lisanti Capital Growth LLC acquired 39,005 shares of Graham Corporation in the second quarter, valued at approximately $4.8 million and representing about 0.33% of the company. Institutional investors and hedge funds collectively own 69.46% of Graham.
• Graham’s latest quarterly results exceeded expectations, with EPS of $0.49 versus the $0.27 estimate and revenue of $71.34 million, up 28.6% year over year. Analysts expect full-year EPS of approximately $1.87.
• GHM shares recently traded at $104.85, down 5.7%, while analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $132.50.

Lisanti Capital Growth LLC bought a new stake in Graham Corporation (NYSE:GHM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 39,005 shares of the industrial products company's stock, valued at approximately $4,828,000. Lisanti Capital Growth LLC owned about 0.33% of Graham at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Graham in the second quarter valued at $52,000. Fifth Third Bancorp purchased a new position in shares of Graham during the first quarter worth about $69,000. Comerica Bank increased its position in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company's stock worth $58,000 after purchasing an additional 840 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 410 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Graham in the 2nd quarter valued at about $1,456,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Trading Down 5.7%

Shares of GHM opened at $104.85 on Thursday. The stock's 50 day moving average is $108.83 and its two-hundred day moving average is $95.85. Graham Corporation has a twelve month low of $46.58 and a twelve month high of $125.82. The firm has a market capitalization of $1.23 billion, a PE ratio of 100.82 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

GHM has been the topic of a number of research reports. Northland Securities raised their price target 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 report on Saturday, August 8th. Oppenheimer raised their target price on shares of Graham to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Weiss Ratings upgraded shares of Graham from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Finally, Zacks Research cut shares of Graham from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $132.50.

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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