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

Graham Corporation (NYSE:GHM) has earned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $132.50.

A number of analysts recently weighed in on GHM shares. Zacks Research lowered shares of 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 report on Friday, August 28th. Northland Securities upped their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Oppenheimer increased their price target on Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Graham Stock Up 0.1%

Shares of GHM stock opened at $83.58 on Friday. The company’s fifty day simple moving average is $105.21 and its two-hundred day simple moving average is $96.70. Graham has a 52 week low of $46.58 and a 52 week high of $125.82. The stock has a market cap of $980.98 million, a P/E ratio of 80.37 and a beta of 1.05.

Graham (NYSE:GHM) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The business had revenue of $71.34 million for the quarter, compared to analysts’ expectations of $65.60 million. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts anticipate that Graham will post 1.87 EPS for the current fiscal year.

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently bought and sold shares of GHM. Westport Asset Management Inc. purchased a new stake in shares of Graham during the second quarter valued at $171,000. AdvisorShares Investments LLC increased its stake in Graham by 7.9% in the 4th quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock worth $208,000 after buying an additional 238 shares during the period. Corient Private Wealth LP lifted its holdings in Graham by 9.5% during the 2nd quarter. Corient Private Wealth LP now owns 2,863 shares of the industrial products company’s stock valued at $354,000 after buying an additional 249 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Graham by 1.5% during the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 319 shares in the last quarter. Finally, Diversified Trust Co boosted its position in Graham by 8.3% in the 1st quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock valued at $337,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.