Graham Corporation (NYSE:GHM) Receives $60.00 Average Price Target from Brokerages

Graham Corporation (NYSE:GHM) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $60.00.

Several research analysts have recently issued reports on the company. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Maxim Group raised shares of Graham to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, July 2nd. Northland Securities started coverage on shares of Graham in a report on Monday, June 23rd. They set an “outperform” rating and a $55.00 target price for the company. Finally, Northland Capmk raised shares of Graham to a “strong-buy” rating in a report on Monday, June 23rd.

Graham Trading Down 4.9%

NYSE GHM opened at $55.05 on Wednesday. The company has a fifty day simple moving average of $51.24 and a two-hundred day simple moving average of $44.29. The stock has a market cap of $604.45 million, a P/E ratio of 43.69 and a beta of 0.96. Graham has a 12-month low of $24.78 and a 12-month high of $58.78.

Graham (NYSE:GHM) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $55.49 million during the quarter, compared to analyst estimates of $55.53 million. Graham had a return on equity of 12.83% and a net margin of 6.43%. Graham has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Graham will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Graham

Several institutional investors have recently made changes to their positions in GHM. Gamco Investors INC. ET AL increased its stake in shares of Graham by 1.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company’s stock valued at $8,107,000 after purchasing an additional 4,850 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Graham by 839.0% in the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Graham by 12,800.0% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $156,000 after buying an additional 5,376 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Graham by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 27,647 shares of the industrial products company’s stock valued at $797,000 after buying an additional 696 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Graham in the fourth quarter valued at approximately $279,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

About Graham

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.