State of Wyoming Makes New $1.11 Million Investment in Graham Corporation $GHM

Key Points

• State of Wyoming purchased 8,943 Graham Corporation shares worth approximately $1.11 million in the second quarter, giving it a roughly 0.08% stake. Institutional investors collectively own 69.46% of the company.
• Analyst sentiment remains mixed, with Graham holding a consensus “Hold” rating and an average price target of $132.50; Oppenheimer and Northland Securities maintained “Outperform” ratings while Zacks downgraded the stock to “Hold.”
• Graham’s latest quarterly results exceeded expectations, with EPS of $0.49 versus a $0.27 consensus estimate and revenue of $71.34 million, up 28.6% year over year. Shares opened at $113.64, near their 12-month high of $125.82.

State of Wyoming purchased a new stake in Graham Corporation (NYSE:GHM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 8,943 shares of the industrial products company's stock, valued at approximately $1,107,000. State of Wyoming owned about 0.08% of Graham as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. AdvisorShares Investments LLC lifted its position in Graham by 7.9% during the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company's stock worth $208,000 after buying an additional 238 shares during the period. Raymond James Financial Inc. grew its holdings in 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 buying an additional 319 shares during the period. Diversified Trust Co grew its holdings in Graham by 8.3% in the 1st quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company's stock valued at $337,000 after buying an additional 326 shares during the period. Barclays PLC grew its holdings in Graham by 2.2% in the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company's stock valued at $1,041,000 after buying an additional 350 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Graham by 6.4% during the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company's stock valued at $377,000 after acquiring an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company's stock.

Wall Street Analyst Weigh In

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

Graham Trading Up 2.3%

GHM stock opened at $113.64 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 109.27 and a beta of 1.04. The stock has a 50-day moving average price of $108.03 and a two-hundred day moving average price of $94.87. Graham Corporation has a 12-month low of $46.58 and a 12-month high of $125.82.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.22. The company had revenue of $71.34 million for 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 quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities analysts forecast that Graham Corporation will post 1.87 EPS for the current fiscal year.

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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