Graham Corporation $GHM Stake Raised by Auto Owners Insurance Co

Auto Owners Insurance Co boosted its holdings in shares of Graham Corporation (NYSE:GHM) by 6,323.0% in the fourth quarter, HoldingsChannel reports. The fund owned 706,530 shares of the industrial products company’s stock after buying an additional 695,530 shares during the quarter. Auto Owners Insurance Co owned 0.06% of Graham worth $4,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GHM. AdvisorShares Investments LLC boosted its holdings in shares of Graham by 7.9% during the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 238 shares during the period. Raymond James Financial Inc. lifted its position in Graham by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 319 shares in the last quarter. Barclays PLC lifted its position in Graham by 2.2% in the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 350 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Graham by 6.4% during the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock valued at $377,000 after buying an additional 355 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

Shares of NYSE GHM opened at $110.69 on Friday. The business’s 50-day simple moving average is $98.52 and its 200-day simple moving average is $83.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00. Graham Corporation has a 52 week low of $45.00 and a 52 week high of $119.04. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 97.96 and a beta of 1.04.

Graham (NYSE:GHM) last announced its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Graham had a return on equity of 11.94% and a net margin of 5.10%.The firm had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Graham Corporation will post 1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GHM shares. Northland Securities set a $111.00 price target on shares of Graham in a research note on Tuesday, June 9th. Oppenheimer lifted their price objective on Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.33.

About Graham

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.