Exchange Traded Concepts LLC Raises Holdings in Graham Corporation $GHM

Key Points

• Exchange Traded Concepts LLC increased its holdings in Graham Corporation by 35.3% during Q2, acquiring an additional 21,649 shares to own a total of 83,056 shares worth approximately $4.1 million.
• Several institutional investors have significantly increased their positions in Graham, with notable increases including the New York State Teachers Retirement System at 839.0% and GAMMA Investing LLC at 12,800.0% in the first quarter.
• Analysts have a consensus rating of "Buy" for Graham, with Northland Capital Markets giving a "strong-buy" rating and a target price of $60.00 for the stock.

Exchange Traded Concepts LLC lifted its position in Graham Corporation (NYSE:GHM - Free Report) by 35.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,056 shares of the industrial products company's stock after purchasing an additional 21,649 shares during the quarter. Exchange Traded Concepts LLC owned about 0.76% of Graham worth $4,112,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GHM. Ameriprise Financial Inc. raised its stake in shares of Graham by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 45,314 shares of the industrial products company's stock worth $2,015,000 after purchasing an additional 1,248 shares during the last quarter. Bank of America Corp DE grew its holdings in Graham by 22.7% during the fourth quarter. Bank of America Corp DE now owns 18,499 shares of the industrial products company's stock worth $823,000 after acquiring an additional 3,423 shares during the period. Two Sigma Investments LP acquired a new stake in Graham during the fourth quarter worth about $279,000. Squarepoint Ops LLC grew its holdings in Graham by 238.0% during the fourth quarter. Squarepoint Ops LLC now owns 30,393 shares of the industrial products company's stock worth $1,352,000 after acquiring an additional 21,401 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Graham during the first quarter worth about $29,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Down 1.9%

NYSE:GHM traded down $0.98 on Tuesday, reaching $50.95. The company's stock had a trading volume of 44,067 shares, compared to its average volume of 102,924. The firm has a market cap of $559.38 million, a price-to-earnings ratio of 40.43 and a beta of 0.95. Graham Corporation has a 12-month low of $24.78 and a 12-month high of $58.00. The stock has a 50 day moving average price of $50.97 and a 200 day moving average price of $42.20.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Graham had a return on equity of 12.83% and a net margin of 6.43%.The firm 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. Equities research analysts expect that Graham Corporation will post 1.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Northland Securities assumed coverage on Graham in a report on Monday, June 23rd. They set an "outperform" rating and a $55.00 target price on the stock. Maxim Group raised Graham to a "buy" rating and set a $65.00 target price on the stock in a report on Wednesday, July 2nd. Finally, Northland Capmk raised Graham to a "strong-buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, Graham currently has a consensus rating of "Buy" and a consensus target price 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.