Graham Corporation (NYSE:GHM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Graham Corporation (NYSE:GHM) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.00.

Several research analysts have issued reports on GHM shares. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Noble Financial downgraded shares of Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Graham in a research note on Monday, December 15th.

Hedge Funds Weigh In On Graham

Several institutional investors have recently bought and sold shares of GHM. Blue Trust Inc. bought a new stake in Graham in the 3rd quarter valued at approximately $28,000. State of Alaska Department of Revenue bought a new position in shares of Graham during the 3rd quarter worth approximately $33,000. Comerica Bank grew its stake in shares of Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 840 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Graham by 62.8% in the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 410 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Graham by 130.5% in the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 667 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Stock Up 1.5%

NYSE:GHM opened at $61.77 on Monday. The firm has a market capitalization of $678.87 million, a PE ratio of 49.82 and a beta of 0.92. Graham has a 12-month low of $24.78 and a 12-month high of $66.10. The firm has a 50-day moving average price of $59.95 and a 200 day moving average price of $54.02.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, November 7th. The industrial products company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Graham had a net margin of 6.00% and a return on equity of 12.44%. The company had revenue of $66.03 million for the quarter, compared to analyst estimates of $57.55 million. On average, research analysts expect that Graham will post 1.07 EPS for the current year.

About Graham

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.