American Century Companies Inc. Has $2.66 Million Stock Holdings in Graham Co. (NYSE:GHM)

American Century Companies Inc. decreased its holdings in Graham Co. (NYSE:GHM) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,278 shares of the industrial products company’s stock after selling 7,879 shares during the quarter. American Century Companies Inc. owned 0.87% of Graham worth $2,655,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of Graham during the 4th quarter valued at approximately $325,000. Wasatch Advisors LP increased its position in shares of Graham by 7.4% during the first quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after buying an additional 24,961 shares during the period. Essex Investment Management Co. LLC grew its position in shares of Graham by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock valued at $4,896,000 after purchasing an additional 2,437 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Graham by 5.7% during the 1st quarter. First Eagle Investment Management LLC now owns 292,729 shares of the industrial products company’s stock valued at $7,986,000 after acquiring an additional 15,833 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Graham by 14.8% in the 1st quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock worth $4,673,000 after buying an additional 22,098 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GHM. Noble Financial assumed coverage on shares of Graham in a research note on Monday, June 24th. They set an “outperform” rating and a $35.00 price target on the stock. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Graham Stock Up 1.0 %

Shares of GHM opened at $29.53 on Friday. Graham Co. has a 52 week low of $15.01 and a 52 week high of $34.72. The stock has a market cap of $321.02 million, a P/E ratio of 68.67 and a beta of 0.56. The business’s 50 day moving average price is $30.12 and its 200-day moving average price is $28.97.

Graham (NYSE:GHM) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.15. Graham had a return on equity of 5.26% and a net margin of 2.60%. The firm had revenue of $49.95 million during the quarter, compared to analysts’ expectations of $50.00 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities analysts anticipate that Graham Co. will post 0.95 EPS for the current year.

Graham 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.