Research analysts at Noble Financial assumed coverage on shares of Graham (NYSE:GHM – Get Free Report) in a research report issued to clients and investors on Monday, Briefing.com reports. The firm set an “outperform” rating and a $35.00 price target on the industrial products company’s stock. Noble Financial’s price objective would suggest a potential upside of 23.20% from the stock’s previous close.
Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Tuesday, June 4th.
Check Out Our Latest Report on GHM
Graham Trading Down 1.3 %
Hedge Funds Weigh In On Graham
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new stake in shares of Graham during the third quarter valued at approximately $87,000. Citigroup Inc. purchased a new stake in shares of Graham during the third quarter valued at approximately $536,000. Acadian Asset Management LLC boosted its holdings in Graham by 88.7% in the third quarter. Acadian Asset Management LLC now owns 124,295 shares of the industrial products company’s stock worth $2,061,000 after purchasing an additional 58,441 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Graham by 108.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,695 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 18,608 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Graham by 12.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,003 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 3,628 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.
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.
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