Graham Corporation $GHM Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has decreased its holdings in Graham Corporation (NYSE:GHM) by 42.0%, now owning 124,178 shares valued at approximately $3.58 million.
• Several institutional investors have increased their stakes in Graham, notably the New York State Teachers Retirement System, which grew its holdings by 839.0% to 939 shares.
• Graham Corporation recently reported quarterly earnings of $0.45 EPS, exceeding analysts' expectations by $0.20, despite revenue slightly below forecasts at $55.49 million.

Acadian Asset Management LLC lowered its position in Graham Corporation (NYSE:GHM - Free Report) by 42.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,178 shares of the industrial products company's stock after selling 89,817 shares during the quarter. Acadian Asset Management LLC owned 1.14% of Graham worth $3,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GHM. New York State Teachers Retirement System increased its position in shares of Graham by 839.0% during the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after acquiring an additional 839 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Graham in the first quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in shares of Graham by 12,800.0% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $156,000 after purchasing an additional 5,376 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Graham by 675.5% during the first quarter. Meeder Asset Management Inc. now owns 5,436 shares of the industrial products company's stock valued at $157,000 after purchasing an additional 4,735 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Graham by 84.3% during the first quarter. Deutsche Bank AG now owns 6,719 shares of the industrial products company's stock valued at $194,000 after purchasing an additional 3,074 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GHM shares. Northland Capmk upgraded Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Maxim Group upgraded Graham to a "buy" rating and set a $65.00 price objective for the company in a research report on Wednesday, July 2nd. Finally, Northland Securities started coverage on Graham in a research report on Monday, June 23rd. They set an "outperform" rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $60.00.

Graham Stock Down 0.7%

GHM traded down $0.37 during trading on Friday, reaching $53.71. The stock had a trading volume of 224,610 shares, compared to its average volume of 82,157. The firm has a market capitalization of $589.74 million, a price-to-earnings ratio of 42.63 and a beta of 0.95. Graham Corporation has a 1-year low of $24.78 and a 1-year high of $58.00. The stock has a 50 day moving average of $50.94 and a two-hundred day moving average of $41.92.

Graham (NYSE:GHM - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.20. The firm had revenue of $55.49 million during the quarter, compared to the consensus estimate of $55.53 million. Graham had a return on equity of 12.83% and a net margin of 6.43%. Graham has set its FY 2026 guidance at EPS. On average, research analysts forecast that Graham Corporation will post 1.07 EPS for the current fiscal year.

About Graham

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.