Graham (NYSE:GHM) Stock Picked Up by Analysts at William Blair

William Blair began coverage on shares of Graham (NYSE:GHM) in a research report issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating on the industrial products company’s stock.

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

Graham Trading Down 0.2%

NYSE:GHM opened at $77.90 on Monday. The firm has a market cap of $914.51 million, a price-to-earnings ratio of 67.74 and a beta of 1.16. The company’s 50-day moving average is $80.15 and its two-hundred day moving average is $91.09. Graham has a 12-month low of $52.57 and a 12-month high of $125.82.

Graham (NYSE:GHM) last released its quarterly earnings results on Thursday, November 5th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.18. The company had revenue of $69.76 million for the quarter, compared to analysts’ expectations of $71.07 million. Graham had a net margin of 5.05% and a return on equity of 11.56%. On average, equities research analysts forecast that Graham will post 1.90 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in shares of Graham by 15.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 66,349 shares of the industrial products company’s stock worth $5,727,000 after acquiring an additional 9,028 shares during the period. Philadelphia Trust Co. grew its holdings in Graham by 36.0% in the third quarter. Philadelphia Trust Co. now owns 87,531 shares of the industrial products company’s stock valued at $7,555,000 after purchasing an additional 23,157 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Graham by 11.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 67,610 shares of the industrial products company’s stock valued at $5,875,000 after purchasing an additional 7,209 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in Graham during the third quarter worth approximately $685,000. Finally, Conestoga Capital Advisors LLC increased its position in Graham by 19.4% during the third quarter. Conestoga Capital Advisors LLC now owns 25,350 shares of the industrial products company’s stock worth $2,188,000 after purchasing an additional 4,110 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Company Profile

Graham Corporation (NYSE: GHM) is a U.S.-based designer and manufacturer of engineered equipment and systems for the defense, space, and commercial markets. The company develops thermal-management, fluid-handling, vacuum, and power-generation technologies used in demanding industrial and government applications.

Graham supplies equipment for naval vessels, including surface ships and submarines, as well as systems supporting aerospace and space programs. Its products and capabilities include condensers, heat exchangers, vacuum equipment, steam and gas ejectors, cryogenic systems, and integrated propulsion and power solutions.