Bank of Montreal Can Buys New Holdings in Graham Co. (NYSE:GHM)

Bank of Montreal Can bought a new stake in shares of Graham Co. (NYSE:GHM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,880 shares of the industrial products company’s stock, valued at approximately $367,000. Bank of Montreal Can owned 0.12% of Graham as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its position in shares of Graham by 7.4% in the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock worth $9,841,000 after purchasing an additional 24,961 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Graham by 7.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock worth $8,833,000 after purchasing an additional 20,933 shares in the last quarter. Acadian Asset Management LLC lifted its position in Graham by 21.4% during the second quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock valued at $5,858,000 after purchasing an additional 36,724 shares during the period. Essex Investment Management Co. LLC lifted its holdings in Graham by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock valued at $4,896,000 after acquiring an additional 2,437 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in shares of Graham by 1,640.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock valued at $4,037,000 after acquiring an additional 139,472 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GHM. Noble Financial assumed coverage on shares of Graham in a report on Monday, June 24th. They set an “outperform” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Graham Price Performance

NYSE:GHM opened at $29.94 on Friday. Graham Co. has a 1-year low of $15.01 and a 1-year high of $34.72. The company has a 50 day moving average price of $29.63 and a 200-day moving average price of $29.25. The firm has a market cap of $325.48 million, a price-to-earnings ratio of 69.63 and a beta of 0.56.

Graham (NYSE:GHM) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. Graham had a return on equity of 5.26% and a net margin of 2.60%. The business had revenue of $49.95 million during the quarter, compared to analysts’ expectations of $50.00 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. On average, sell-side analysts anticipate that Graham Co. will post 0.95 earnings per share for the current fiscal year.

Graham Company Profile

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.