Graham Corporation (NYSE:GHM) Receives Average Recommendation of “Hold” from Analysts

Graham Corporation (NYSE:GHM) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $132.50.

A number of research firms recently commented on GHM. Northland Securities raised their price objective on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings lowered Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Wall Street Zen cut Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Oppenheimer lifted their price target on Graham to $130.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GHM. Auto Owners Insurance Co lifted its holdings in Graham by 6,323.0% in the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after acquiring an additional 695,530 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Graham by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock worth $33,074,000 after purchasing an additional 12,974 shares during the last quarter. Royce & Associates LP grew its stake in shares of Graham by 2.7% in the 4th quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after purchasing an additional 12,509 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Graham by 6.1% in the 2nd quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after purchasing an additional 18,084 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Graham by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock worth $19,142,000 after purchasing an additional 24,005 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

GHM stock opened at $98.94 on Tuesday. The company has a 50-day simple moving average of $106.85 and a 200 day simple moving average of $92.79. The company has a market capitalization of $1.16 billion, a P/E ratio of 87.56 and a beta of 1.01. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. Graham has a fifty-two week low of $46.08 and a fifty-two week high of $125.82.

Graham (NYSE:GHM) last released its earnings results on Monday, June 8th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. Graham’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Sell-side analysts predict that Graham will post 1.85 earnings per share for the current fiscal year.

Graham Company Profile

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.