Wellington Management Group LLP Buys 17,693 Shares of Graham Corporation $GHM

Wellington Management Group LLP raised its stake in Graham Corporation (NYSE:GHM) by 47.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,960 shares of the industrial products company’s stock after buying an additional 17,693 shares during the period. Wellington Management Group LLP owned about 0.50% of Graham worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC grew its position in shares of Graham by 7.4% in the 1st quarter. Algert Global LLC now owns 8,498 shares of the industrial products company’s stock valued at $245,000 after buying an additional 588 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Graham by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 27,647 shares of the industrial products company’s stock valued at $797,000 after buying an additional 696 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Graham by 839.0% in the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company’s stock valued at $27,000 after buying an additional 839 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Graham in the 1st quarter valued at about $29,000. Finally, Barclays PLC grew its position in shares of Graham by 8.0% in the 4th quarter. Barclays PLC now owns 16,739 shares of the industrial products company’s stock valued at $744,000 after buying an additional 1,241 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of NYSE:GHM opened at $49.15 on Friday. The company has a market capitalization of $539.61 million, a price-to-earnings ratio of 39.00 and a beta of 0.92. The business’s 50-day moving average is $51.25 and its 200-day moving average is $40.35. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $58.00.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Maxim Group upgraded Graham to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, July 2nd. Northland Capmk raised Graham to a “strong-buy” rating in a research note on Monday, June 23rd. Finally, Northland Securities began coverage on Graham in a research note on Monday, June 23rd. They issued an “outperform” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.