Brandes Investment Partners LP cut its position in shares of Graham Corporation (NYSE:GHM – Free Report) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,316,535 shares of the industrial products company’s stock after selling 45,567 shares during the quarter. Brandes Investment Partners LP owned 11.99% of Graham worth $65,182,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of Graham by 61.4% during the first quarter. American Century Companies Inc. now owns 222,187 shares of the industrial products company’s stock worth $6,403,000 after purchasing an additional 84,529 shares during the period. Philadelphia Trust Co. acquired a new stake in Graham during the first quarter worth about $1,723,000. Russell Investments Group Ltd. lifted its holdings in Graham by 3,250.1% in the first quarter. Russell Investments Group Ltd. now owns 48,577 shares of the industrial products company’s stock worth $1,400,000 after acquiring an additional 47,127 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Graham by 35.3% in the second quarter. Exchange Traded Concepts LLC now owns 83,056 shares of the industrial products company’s stock valued at $4,112,000 after acquiring an additional 21,649 shares during the period. Finally, Nuveen LLC acquired a new position in Graham in the first quarter valued at approximately $553,000. Institutional investors own 69.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Noble Financial downgraded Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Graham in a research note on Tuesday, November 25th. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Finally, Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.
Graham Stock Performance
Shares of GHM stock opened at $55.14 on Tuesday. Graham Corporation has a 1 year low of $24.78 and a 1 year high of $64.66. The firm has a market capitalization of $605.88 million, a PE ratio of 43.76 and a beta of 0.97. The stock has a fifty day moving average of $58.13 and a two-hundred day moving average of $51.79.
Graham (NYSE:GHM – Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $66.03 million for the quarter, compared to analyst estimates of $57.55 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. Equities research analysts predict that Graham Corporation will post 1.07 earnings per share for the current fiscal year.
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.
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