Graham (NYSE:GHM) Raised to Buy at Maxim Group

Graham (NYSE:GHM) was upgraded by research analysts at Maxim Group to a “buy” rating in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a $65.00 target price on the industrial products company’s stock. Maxim Group’s target price suggests a potential upside of 20.44% from the stock’s previous close.

A number of other research firms have also recently issued reports on GHM. Northland Capmk raised shares of Graham to a “strong-buy” rating in a research report on Monday, June 23rd. Northland Securities began coverage on shares of Graham in a research report on Monday, June 23rd. They issued an “outperform” rating and a $55.00 price target on the stock.

Graham Price Performance

GHM stock opened at $53.97 on Wednesday. The stock has a market capitalization of $590.97 million, a PE ratio of 48.62 and a beta of 0.90. The company’s 50-day moving average is $40.80 and its 200-day moving average is $38.22. Graham has a 1 year low of $24.78 and a 1 year high of $52.94.

Graham (NYSE:GHM) last released its quarterly earnings data on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. The company had revenue of $59.35 million for the quarter, compared to analysts’ expectations of $55.67 million. Graham had a net margin of 5.83% and a return on equity of 12.07%. On average, analysts anticipate that Graham will post 1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Graham

Several large investors have recently added to or reduced their stakes in GHM. Rhumbline Advisers lifted its position in Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 654 shares in the last quarter. Principal Financial Group Inc. lifted its position in Graham by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 960 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Graham by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 26,951 shares of the industrial products company’s stock valued at $1,199,000 after acquiring an additional 2,414 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Graham in the 4th quarter valued at about $45,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Graham during the 4th quarter worth approximately $209,000. Institutional investors own 69.46% of the company’s stock.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.