Graham Corporation (NYSE:GHM) Given Average Recommendation of “Moderate Buy” by Analysts

Graham Corporation (NYSE:GHM) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $60.00.

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

Graham Trading Up 0.9%

GHM opened at $73.32 on Friday. The firm’s 50 day simple moving average is $62.89 and its two-hundred day simple moving average is $56.89. The company has a market capitalization of $805.79 million, a PE ratio of 59.13 and a beta of 0.93. Graham has a 1-year low of $24.78 and a 1-year high of $74.40.

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

Institutional Investors Weigh In On Graham

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

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.