Nuveen LLC Acquires New Position in Graham Corporation $GHM

Nuveen LLC acquired a new stake in shares of Graham Corporation (NYSE:GHM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,191 shares of the industrial products company’s stock, valued at approximately $553,000. Nuveen LLC owned approximately 0.18% of Graham as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its position in Graham by 84.3% during the first quarter. Deutsche Bank AG now owns 6,719 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 3,074 shares in the last quarter. Vanguard Group Inc. grew its position in Graham by 1.8% during the first quarter. Vanguard Group Inc. now owns 665,865 shares of the industrial products company’s stock valued at $19,190,000 after purchasing an additional 11,874 shares in the last quarter. De Lisle Partners LLP grew its position in Graham by 33.6% during the first quarter. De Lisle Partners LLP now owns 84,916 shares of the industrial products company’s stock valued at $2,456,000 after purchasing an additional 21,366 shares in the last quarter. Meeder Asset Management Inc. grew its position in Graham by 675.5% during the first quarter. Meeder Asset Management Inc. now owns 5,436 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its position in Graham by 598.1% during the first quarter. Prescott Group Capital Management L.L.C. now owns 80,536 shares of the industrial products company’s stock valued at $2,321,000 after purchasing an additional 69,000 shares in the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Northland Securities assumed coverage on shares of Graham in a research report on Monday, June 23rd. They set an “outperform” rating and a $55.00 price objective on the stock. Northland Capmk raised shares of Graham to a “strong-buy” rating in a research report on Monday, June 23rd. Finally, Maxim Group raised shares of Graham to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, July 2nd. One 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 an average target price of $60.00.

Graham Trading Down 1.3%

Shares of Graham stock opened at $47.34 on Thursday. The firm has a fifty day simple moving average of $51.24 and a 200-day simple moving average of $40.55. Graham Corporation has a 1-year low of $24.78 and a 1-year high of $58.00. The stock has a market capitalization of $519.82 million, a price-to-earnings ratio of 37.57 and a beta of 0.95.

Graham (NYSE:GHM) last issued its quarterly earnings data 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 net margin of 6.43% and a return on equity of 12.83%. The business had revenue of $55.49 million during the quarter, compared to analysts’ expectations of $55.53 million. Graham has set its FY 2026 guidance at EPS. As a group, research analysts predict that Graham Corporation will post 1.07 earnings per share 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.