Graham Corporation (NYSE:GHM) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in Graham Corporation (NYSE:GHM) by 675.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,436 shares of the industrial products company’s stock after purchasing an additional 4,735 shares during the quarter. Meeder Asset Management Inc.’s holdings in Graham were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GHM. Raymond James Financial Inc. purchased a new stake in shares of Graham in the fourth quarter valued at approximately $814,000. Commonwealth Equity Services LLC purchased a new stake in Graham in the 4th quarter valued at $258,000. American Century Companies Inc. increased its stake in shares of Graham by 137.4% in the 4th quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock worth $6,122,000 after acquiring an additional 79,671 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Graham by 35.2% during the 4th quarter. LPL Financial LLC now owns 18,315 shares of the industrial products company’s stock worth $814,000 after acquiring an additional 4,769 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Graham by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after acquiring an additional 14,589 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Up 1.7%

Shares of NYSE:GHM opened at $56.43 on Thursday. The company has a market capitalization of $619.57 million, a price-to-earnings ratio of 50.84 and a beta of 0.90. Graham Corporation has a 12-month low of $24.78 and a 12-month high of $57.24. The business has a 50-day moving average price of $47.80 and a 200 day moving average price of $39.45.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The business had revenue of $59.35 million during the quarter, compared to analysts’ expectations of $55.67 million. Graham had a net margin of 5.83% and a return on equity of 12.07%. As a group, equities research analysts predict that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GHM has been the subject of several recent analyst reports. Northland Capmk upgraded shares of Graham to a “strong-buy” rating in a research report on Monday, June 23rd. Maxim Group upgraded shares of Graham to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, July 2nd. Finally, Northland Securities initiated coverage on shares of Graham in a research report on Monday, June 23rd. They set an “outperform” rating and a $55.00 price target on the 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.