Graham Corporation $GHM Shares Newly Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS purchased a new stake in shares of Graham Corporation (NYSE:GHM) in the 3rd quarter, Holdings Channel reports. The fund purchased 7,939 shares of the industrial products company’s stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Graham in the second quarter worth about $110,235,000. William Blair Investment Management LLC purchased a new position in shares of Graham during the 2nd quarter valued at about $45,159,000. De Lisle Partners LLP bought a new position in shares of Graham during the 2nd quarter valued at approximately $11,141,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Graham during the 2nd quarter valued at approximately $9,079,000. Finally, American Capital Management Inc. bought a new position in shares of Graham during the 2nd quarter valued at approximately $6,443,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.5%

NYSE GHM opened at $88.23 on Wednesday. Graham Corporation has a twelve month low of $52.57 and a twelve month high of $125.82. The business has a 50-day moving average price of $80.22 and a 200-day moving average price of $91.23. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 76.72 and a beta of 1.16.

Graham (NYSE:GHM) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18. Graham had a return on equity of 11.56% and a net margin of 5.05%. The company had revenue of $69.76 million for the quarter, compared to analysts’ expectations of $71.07 million. Research analysts expect that Graham Corporation will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on GHM. JPMorgan Chase & Co. reduced their target price on shares of Graham from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, November 6th. Oppenheimer lowered their price target on shares of Graham from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, William Blair began coverage on shares of Graham in a research note on Monday. They issued an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Graham currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

Graham News Summary

Here are the key news stories impacting Graham this week:

• Positive Sentiment: William Blair initiated coverage with an Outperform rating, a bullish endorsement that was reported alongside a 15% share-price surge. William Blair initiates Graham at Outperform
• Positive Sentiment: Several analyst forecasts point to earnings growth: Northland raised its FY2027 EPS estimate from $1.76 to $1.87 and its FY2028 forecast to $2.34; Noble also slightly increased its FY2028 estimate. Zacks noted that analysts’ earnings-estimate revisions indicate potential upside.
• Positive Sentiment: The average analyst price target implies about 38% upside, although the article cautions that price-target averages alone are not a dependable predictor. Wall Street analysts predict upside in Graham
• Neutral Sentiment: Northland’s revisions were mixed across individual quarters, with some estimates raised and others lowered, suggesting the forecast changes are not uniformly positive.
• Negative Sentiment: JPMorgan cut its price target from $120 to $100, reducing its implied upside, though it retained an Overweight rating. Noble also lowered its Q4 2027 EPS estimate from $0.57 to $0.50.

Graham Company Profile

Graham Corporation designs and manufactures engineered equipment used to create and maintain vacuum conditions and transfer heat. Its products include steam jet ejectors, vacuum systems, surface condensers and heat exchangers for industrial applications. The company also provides turbomachinery through its Barber-Nichols business, including pumps, compressors and turbines used in aerospace, defense, energy and other markets. Graham’s equipment serves customers in industries such as chemical processing, refining, power generation and naval defense.