Meeder Asset Management Inc. Purchases 4,735 Shares of Graham Corporation (NYSE:GHM)

Meeder Asset Management Inc. lifted its stake in shares of Graham Corporation (NYSE:GHM - Free Report) by 675.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System increased its holdings 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 purchasing an additional 839 shares during the period. GAMMA Investing LLC raised its holdings in Graham by 12,800.0% in the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $156,000 after buying an additional 5,376 shares during the last quarter. Legal & General Group Plc increased its holdings in 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 purchasing an additional 536 shares during the period. American Century Companies Inc. raised its stake in Graham by 137.4% during the fourth quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company's stock worth $6,122,000 after buying an additional 79,671 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Graham during the 4th quarter valued at about $279,000. 69.46% of the stock is owned by institutional investors.

Graham Stock Down 3.0%

NYSE GHM traded down $1.71 during trading hours on Friday, reaching $55.44. 116,663 shares of the company were exchanged, compared to its average volume of 101,578. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $58.00. The business's 50 day simple moving average is $48.20 and its 200-day simple moving average is $39.55. The stock has a market capitalization of $608.78 million, a P/E ratio of 49.95 and a beta of 0.90.

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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.17. The company had revenue of $59.35 million for the quarter, compared to analyst estimates of $55.67 million. Graham had a net margin of 5.83% and a return on equity of 12.07%. As a group, sell-side analysts anticipate that Graham Corporation will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Northland Securities initiated coverage on Graham in a research note on Monday, June 23rd. They issued an "outperform" rating and a $55.00 target price for the company. Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 price objective on the stock in a report on Wednesday, July 2nd. Finally, Northland Capmk raised shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd.

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.