Teton Advisors Inc. Sells 24,000 Shares of Graham Corporation $GHM

Key Points

• Teton Advisors Inc. reduced its holdings in Graham Corporation by 35.3%, selling 24,000 shares, and now owns 44,000 shares valued at approximately $1.27 million.
• Several institutional investors have increased their stakes in Graham Corporation, notably American Century Companies Inc., which raised its holdings by 61.4% to own 222,187 shares worth $6.4 million.
• Analysts have a positive outlook on Graham Corporation, with a consensus rating of “Buy” and an average target price of $60.00, following recent upgrades by multiple research firms.

Teton Advisors Inc. lowered its holdings in Graham Corporation (NYSE:GHM - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the industrial products company's stock after selling 24,000 shares during the quarter. Teton Advisors Inc. owned 0.40% of Graham worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. raised its holdings in Graham by 61.4% during the first quarter. American Century Companies Inc. now owns 222,187 shares of the industrial products company's stock valued at $6,403,000 after acquiring an additional 84,529 shares during the period. Prescott Group Capital Management L.L.C. raised its holdings in Graham by 598.1% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 80,536 shares of the industrial products company's stock valued at $2,321,000 after buying an additional 69,000 shares during the period. Philadelphia Trust Co. bought a new position in Graham in the 1st quarter valued at $1,723,000. Russell Investments Group Ltd. increased its position in shares of Graham by 3,250.1% during the first quarter. Russell Investments Group Ltd. now owns 48,577 shares of the industrial products company's stock worth $1,400,000 after acquiring an additional 47,127 shares during the period. Finally, Annex Advisory Services LLC purchased a new stake in shares of Graham in the 1st quarter worth approximately $1,064,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Analyst Ratings Changes

GHM has been the subject of several research analyst reports. Northland Securities assumed coverage on shares of Graham in a research report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price objective for the company. Maxim Group raised Graham to a "buy" rating and set a $65.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Northland Capmk upgraded Graham to a "strong-buy" rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $60.00.

Graham Stock Performance

Shares of GHM opened at $49.3170 on Tuesday. Graham Corporation has a fifty-two week low of $24.78 and a fifty-two week high of $58.00. The company has a market capitalization of $541.50 million, a PE ratio of 39.14 and a beta of 0.92. The stock has a fifty day moving average of $50.95 and a two-hundred day moving average of $40.05.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.20. The business had revenue of $55.49 million during the quarter, compared to analyst estimates 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. As a group, equities research analysts forecast that Graham Corporation will post 1.07 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.