Invesco Ltd. Decreases Holdings in Graham Corporation $GHM

Key Points

• Invesco Ltd. reduced its stake in Graham Corporation by 95.1%, now holding only 7,747 shares after selling 150,622 shares in the first quarter.
• Multiple large investors have adjusted their holdings in Graham, with the most significant changes including an 839.0% increase by the New York State Teachers Retirement System.
• Analysts have generally upgraded shares of Graham, with Maxim Group setting a target price of $65.00 and a consensus average target price of $60.00.

Invesco Ltd. lessened its stake in shares of Graham Corporation (NYSE:GHM - Free Report) by 95.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,747 shares of the industrial products company's stock after selling 150,622 shares during the period. Invesco Ltd. owned about 0.07% of Graham worth $223,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in Graham by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 27,647 shares of the industrial products company's stock worth $797,000 after buying an additional 696 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Graham by 839.0% during the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after buying an additional 839 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Graham during the first quarter worth about $29,000. Ameriprise Financial Inc. increased 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 in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Graham by 1.6% in the fourth quarter. Northern Trust Corp now owns 96,073 shares of the industrial products company's stock worth $4,272,000 after purchasing an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company's stock.

Analysts Set New Price Targets

GHM has been the subject of several recent research reports. Maxim Group upgraded shares of Graham to a "buy" rating and set a $65.00 target price for the company in a research note on Wednesday, July 2nd. Northland Capmk upgraded shares of Graham to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, Northland Securities initiated coverage on shares of Graham in a research note on Monday, June 23rd. They issued an "outperform" rating and a $55.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $60.00.

Graham Trading Down 2.7%

Shares of NYSE:GHM opened at $47.83 on Monday. The company has a 50 day moving average of $51.17 and a 200 day moving average of $40.78. The stock has a market cap of $525.12 million, a P/E ratio of 37.96 and a beta of 0.95. Graham Corporation has a 12 month low of $24.78 and a 12 month high of $58.00.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The company had revenue of $55.49 million during the quarter, compared to analysts' expectations 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. On average, equities analysts forecast 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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