American Century Companies Inc. Purchases 84,529 Shares of Graham Corporation $GHM

Key Points

• American Century Companies Inc. increased its stake in Graham Corporation by 61.4%, totaling approximately $6.40 million in value with a shareholding of 222,187 shares.
• Several other institutional investors, including Vanguard Group Inc. and Diamond Hill Capital Management Inc., also raised their holdings in Graham, highlighting strong institutional interest as 69.46% of the stock is held by institutional investors.
• Graham's stock received positive ratings from analysts, with a consensus "Buy" rating and a price target of $60.00 following recent upgrades by multiple firms.

American Century Companies Inc. increased its holdings in shares of Graham Corporation (NYSE:GHM - Free Report) by 61.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 222,187 shares of the industrial products company's stock after purchasing an additional 84,529 shares during the period. American Century Companies Inc. owned 2.04% of Graham worth $6,403,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Graham by 1.8% during the first quarter. Vanguard Group Inc. now owns 665,865 shares of the industrial products company's stock worth $19,190,000 after acquiring an additional 11,874 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Graham by 12.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 202,714 shares of the industrial products company's stock worth $5,842,000 after acquiring an additional 22,774 shares during the period. Northern Trust Corp boosted its holdings in shares of Graham by 1.6% during the fourth quarter. Northern Trust Corp now owns 96,073 shares of the industrial products company's stock worth $4,272,000 after acquiring an additional 1,495 shares during the period. De Lisle Partners LLP boosted its holdings in shares of Graham by 33.6% during the first quarter. De Lisle Partners LLP now owns 84,916 shares of the industrial products company's stock worth $2,456,000 after acquiring an additional 21,366 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in shares of 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 worth $2,321,000 after acquiring an additional 69,000 shares during the period. Institutional investors own 69.46% of the company's stock.

Graham Trading Down 1.3%

NYSE GHM traded down $0.64 on Wednesday, hitting $47.34. 85,414 shares of the company's stock were exchanged, compared to its average volume of 109,154. The stock has a 50-day moving average of $51.24 and a 200-day moving average of $40.55. Graham Corporation has a 52 week low of $24.78 and a 52 week high of $58.00. The stock has a market cap of $519.82 million, a price-to-earnings ratio of 37.57 and a beta of 0.95.

Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. The company had revenue of $55.49 million during the quarter, compared to the consensus estimate 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. As a group, analysts predict that Graham Corporation will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GHM. Northland Capmk upgraded Graham to a "strong-buy" rating in a report on Monday, June 23rd. Northland Securities assumed coverage on Graham in a research note on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target for the company. Finally, Maxim Group upgraded Graham to a "buy" rating and set a $65.00 price target for the company in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Graham has a consensus rating of "Buy" and a consensus price target of $60.00.

Graham Company 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.