Royal Bank of Canada Sells 31,506 Shares of Graham Corporation $GHM

Royal Bank of Canada reduced its stake in Graham Corporation (NYSE:GHM) by 12.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,119 shares of the industrial products company’s stock after selling 31,506 shares during the quarter. Royal Bank of Canada’s holdings in Graham were worth $16,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GHM. Rhumbline Advisers grew its stake in Graham by 40.6% in the 2nd quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock worth $731,000 after buying an additional 4,257 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Graham during the 2nd quarter valued at $325,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Graham during the 2nd quarter worth $226,000. Invesco Ltd. lifted its holdings in shares of Graham by 1,396.0% during the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after acquiring an additional 108,146 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in Graham in the second quarter worth $783,000. 69.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GHM. Oppenheimer increased their target price on Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Weiss Ratings cut Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Northland Securities boosted their target price on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $132.50.

Key Headlines Impacting Graham

Here are the key news stories impacting Graham this week:

• Positive Sentiment: Quarterly earnings were reported at $0.49 per share, exceeding the consensus estimate of $0.27, while revenue rose 28.6% year over year to $71.34 million, above expectations of $65.60 million. Graham quarterly earnings report
• Positive Sentiment: Orders reached $95.9 million, producing a 1.3x book-to-bill ratio, and backlog climbed to a record $557.2 million. The figures improve visibility into future revenue and suggest continued demand for Graham’s industrial and defense products. Why Did Graham Post Strong Quarterly Growth?
• Positive Sentiment: Graham was awarded more than $43 million in defense contracts for mission-critical submarine and turbomachinery products, adding to the company’s long-term order pipeline. Graham defense contract announcement
• Neutral Sentiment: Management reaffirmed fiscal 2027 revenue guidance of $285 million to $295 million, broadly in line with the approximately $289 million analyst consensus. The lack of an upward revision may temper enthusiasm despite the quarterly beat.
• Neutral Sentiment: The company ended the quarter with $27 million in cash and no outstanding debt after raising $50 million through a stock issuance and repaying $13 million of debt. The stronger balance sheet supports operations but the share issuance may dilute existing shareholders.
• Negative Sentiment: Net income declined 15% to $3.9 million despite higher sales, indicating that profit conversion remains a concern. With the stock trading at a high earnings multiple, investors may remain sensitive to margin pressure and execution risks.

Graham Price Performance

GHM stock opened at $104.67 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 92.63 and a beta of 1.04. The firm’s fifty day moving average is $107.15 and its 200 day moving average is $93.45. Graham Corporation has a 52 week low of $46.58 and a 52 week high of $125.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00.

Graham (NYSE:GHM) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. Graham had a net margin of 5.10% and a return on equity of 11.94%. The business had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. Research analysts predict that Graham Corporation will post 1.89 earnings per share for the current year.

About Graham

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.