Nuveen LLC Makes New Investment in Graham Corporation $GHM

Key Points

• Nuveen LLC has acquired a new stake in Graham Corporation, purchasing 19,191 shares valued at approximately $553,000, indicating growing institutional interest in the company.
• Research analysts have set an average target price of $60.00 for Graham stock, with ratings including "outperform" and "buy" from various firms.
• Shares of Graham Corporation recently showed a decrease of 1.3%, with a current stock value of $47.34, following a recent quarterly earnings report that surpassed analyst expectations.

Nuveen LLC acquired a new stake in Graham Corporation (NYSE:GHM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in shares of Graham by 839.0% during the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after purchasing an additional 839 shares during the period. Central Pacific Bank Trust Division acquired a new position in Graham during the 1st quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in Graham by 12,800.0% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $156,000 after buying an additional 5,376 shares during the last quarter. Meeder Asset Management Inc. lifted 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 during the last quarter. Finally, Deutsche Bank AG increased its position in Graham by 84.3% during the 1st 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 during the period. Institutional investors and hedge funds own 69.46% of the company's stock.

Analysts Set New Price Targets

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

Graham Price Performance

GHM traded up $0.36 during trading on Monday, hitting $48.13. 35,726 shares of the stock traded hands, compared to its average volume of 102,681. The company has a market cap of $528.47 million, a price-to-earnings ratio of 38.15 and a beta of 0.95. Graham Corporation has a twelve month low of $24.78 and a twelve month high of $58.00. The business has a 50 day moving average price of $51.17 and a 200 day moving average price of $40.78.

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, 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 company had revenue of $55.49 million during the quarter, compared to the consensus estimate of $55.53 million. Graham has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Graham Corporation will post 1.07 earnings per share for the current year.

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.