American Century Companies Inc. Cuts Stake in Graham Corporation $GHM

American Century Companies Inc. cut its holdings in shares of Graham Corporation (NYSE:GHM) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,381 shares of the industrial products company’s stock after selling 8,062 shares during the quarter. American Century Companies Inc. owned 2.34% of Graham worth $14,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GHM. Vanguard Group Inc. grew its stake in shares of Graham by 2.2% in the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock worth $33,074,000 after acquiring an additional 12,974 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Graham by 383.1% in the third quarter. JPMorgan Chase & Co. now owns 24,289 shares of the industrial products company’s stock valued at $1,333,000 after acquiring an additional 19,261 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Graham by 10.8% in the third quarter. Advisors Asset Management Inc. now owns 19,597 shares of the industrial products company’s stock valued at $1,076,000 after acquiring an additional 1,906 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Graham by 3.4% in the third quarter. Essex Investment Management Co. LLC now owns 143,742 shares of the industrial products company’s stock valued at $7,891,000 after purchasing an additional 4,768 shares during the period. Finally, AdvisorShares Investments LLC acquired a new position in Graham during the 3rd quarter worth $165,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GHM. Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.50.

Graham Price Performance

Graham stock opened at $85.52 on Thursday. The stock has a market cap of $946.65 million, a PE ratio of 63.34 and a beta of 0.90. The stock’s fifty day moving average is $77.42 and its two-hundred day moving average is $64.53. Graham Corporation has a 1-year low of $24.78 and a 1-year high of $91.91.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. The business had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. On average, research analysts expect that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Graham Profile

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.