William Blair Investment Management LLC Acquires New Holdings in Graham Corporation $GHM

Key Points

• William Blair Investment Management acquired 364,800 Graham shares in the second quarter, worth approximately $45.2 million and representing about 3.11% of the company. Institutional investors collectively own 69.46% of Graham.
• Graham reported quarterly EPS of $0.49, exceeding the $0.27 consensus estimate, while revenue of $71.34 million surpassed expectations and rose 28.6% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $132.50; shares recently opened at $101.51.

William Blair Investment Management LLC acquired a new position in Graham Corporation (NYSE:GHM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 364,800 shares of the industrial products company's stock, valued at approximately $45,159,000. William Blair Investment Management LLC owned approximately 3.11% of Graham as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Graham during the 2nd quarter valued at $52,000. BNP Paribas Financial Markets raised its position 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 worth $53,000 after acquiring an additional 410 shares in the last quarter. Comerica Bank raised its position in shares of Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company's stock worth $58,000 after acquiring an additional 840 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Graham during the 1st quarter worth $69,000. Finally, Silvant Capital Management LLC purchased a new stake in shares of Graham during the 2nd quarter worth $101,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Stock Performance

Shares of GHM stock opened at $101.51 on Friday. Graham Corporation has a fifty-two week low of $46.58 and a fifty-two week high of $125.82. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 97.61 and a beta of 1.04. The stock's 50-day simple moving average is $108.71 and its 200-day simple moving average is $96.10.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate 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 net margin of 4.53% and a return on equity of 11.09%. The business's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities analysts forecast that Graham Corporation will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on GHM. Wall Street Zen upgraded Graham from a "sell" rating to a "hold" rating in a research note 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, August 12th. Oppenheimer raised their price target on shares of Graham to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Zacks Research downgraded shares of Graham from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 10th. Finally, Northland Securities boosted their price objective 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. Two investment 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, Graham presently has a consensus rating of "Hold" and an average target price of $132.50.

About Graham

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.

Want to see what other hedge funds are holding GHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Corporation (NYSE:GHM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source