Auto Owners Insurance Co Acquires 500 Shares of Graham Corporation $GHM

Auto Owners Insurance Co lifted its holdings in Graham Corporation (NYSE:GHM) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,000 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Auto Owners Insurance Co owned about 0.10% of Graham worth $545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Inspire Investing LLC bought a new stake in Graham during the 2nd quarter worth approximately $912,000. Annex Advisory Services LLC raised its stake in Graham by 10.5% during the 2nd quarter. Annex Advisory Services LLC now owns 40,761 shares of the industrial products company’s stock worth $2,018,000 after acquiring an additional 3,858 shares during the period. Exchange Traded Concepts LLC raised its stake in Graham by 35.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 83,056 shares of the industrial products company’s stock worth $4,112,000 after acquiring an additional 21,649 shares during the period. Strs Ohio bought a new stake in Graham during the 1st quarter worth approximately $467,000. Finally, Advisors Asset Management Inc. raised its stake in Graham by 58.1% during the 1st quarter. Advisors Asset Management Inc. now owns 11,796 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 4,333 shares during the period. Institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

GHM opened at $60.51 on Wednesday. The stock has a market capitalization of $664.34 million, a price-to-earnings ratio of 48.02 and a beta of 0.96. The company has a fifty day moving average of $53.78 and a 200 day moving average of $47.18. Graham Corporation has a fifty-two week low of $24.78 and a fifty-two week high of $64.08.

Graham (NYSE:GHM) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. The company had revenue of $55.49 million during the quarter, compared to analysts’ expectations of $55.53 million. Graham had a net margin of 6.43% and a return on equity of 12.83%. Graham has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Graham Corporation will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Maxim Group upgraded shares of Graham to a “buy” rating and set a $65.00 target price on the stock in a research note on Wednesday, July 2nd. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings upgraded shares of Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Finally, Noble Financial cut shares of Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

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.