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

Meeder Asset Management Inc. increased its holdings in shares of Graham Corporation (NYSE:GHM - Free Report) by 675.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,436 shares of the industrial products company's stock after purchasing an additional 4,735 shares during the period. Meeder Asset Management Inc.'s holdings in Graham were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its stake in shares of Graham by 839.0% during the 1st 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in Graham during the first quarter worth approximately $29,000. Russell Investments Group Ltd. grew its holdings in Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 1,442 shares during the period. Legal & General Group Plc increased its position in shares of Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after buying an additional 536 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Graham by 12,800.0% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $156,000 after buying an additional 5,376 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on GHM. Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 price target on the stock in a research note on Wednesday, July 2nd. Northland Securities started coverage on shares of Graham in a research report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 target price on the stock. Finally, Northland Capmk upgraded shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd.

Graham Stock Performance

Shares of GHM stock traded down $1.71 during trading hours on Friday, reaching $55.44. The company had a trading volume of 116,663 shares, compared to its average volume of 94,111. Graham Corporation has a 12-month low of $24.78 and a 12-month high of $58.00. The company has a market capitalization of $608.78 million, a price-to-earnings ratio of 49.95 and a beta of 0.92. The stock has a fifty day moving average of $48.58 and a 200-day moving average of $39.61.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.17. Graham had a net margin of 5.83% and a return on equity of 12.07%. The business had revenue of $59.35 million during the quarter, compared to analysts' expectations of $55.67 million. On average, analysts forecast that Graham Corporation will post 1.07 EPS for the current 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.