New York State Teachers Retirement System Sells 535 Shares of Graham Holdings Company $GHC

New York State Teachers Retirement System cut its stake in shares of Graham Holdings Company (NYSE:GHC) by 11.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,954 shares of the company’s stock after selling 535 shares during the quarter. New York State Teachers Retirement System’s holdings in Graham were worth $4,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GHC. Y Intercept Hong Kong Ltd bought a new position in shares of Graham during the first quarter worth about $1,554,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Graham in the first quarter worth approximately $264,000. Inspire Investing LLC boosted its holdings in Graham by 12.9% in the first quarter. Inspire Investing LLC now owns 481 shares of the company’s stock valued at $509,000 after acquiring an additional 55 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Graham by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,605 shares of the company’s stock valued at $3,812,000 after purchasing an additional 94 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Graham by 10.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 550 shares of the company’s stock valued at $581,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Trading Up 0.2%

NYSE GHC opened at $1,158.02 on Thursday. The stock has a market capitalization of $4.99 billion, a P/E ratio of 17.14 and a beta of 0.72. The business has a 50 day simple moving average of $1,133.72 and a 200 day simple moving average of $1,114.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.54. Graham Holdings Company has a one year low of $882.21 and a one year high of $1,224.76.

Graham (NYSE:GHC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $16.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.11 by $3.68. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. Graham had a return on equity of 5.40% and a net margin of 5.97%.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a dividend of $1.88 per share. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 16th. Graham’s payout ratio is presently 11.13%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GHC. Oppenheimer restated an “outperform” rating on shares of Graham in a research report on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Graham in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Graham presently has an average rating of “Buy”.

Graham Company Profile

Graham Corporation is a U.S.-based industrial equipment manufacturer specializing in the design and production of vacuum and heat transfer systems. The company’s core offerings include vacuum pumps, exhausters, and energy recovery turbines, as well as steam surface condensers and specialized heat exchangers. These products are engineered to support critical processes in industries that require controlled environments and efficient thermal management.

In addition to its standard product lines, Graham Corporation provides aftermarket services such as equipment installation, field maintenance, performance testing, and spare parts supply.