Graham (NYSE:GHM) Downgraded to Market Perform Rating by Northland Securities

Northland Securities lowered shares of Graham (NYSE:GHM) from an outperform rating to a market perform rating in a report published on Tuesday morning, MarketBeat Ratings reports. Northland Securities currently has $80.00 price objective on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on GHM. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Noble Financial lowered Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Graham has an average rating of “Hold” and a consensus price target of $72.50.

Graham Trading Down 7.7%

Shares of NYSE GHM opened at $70.38 on Tuesday. The company’s 50-day moving average price is $65.27 and its 200 day moving average price is $58.21. Graham has a 52 week low of $24.78 and a 52 week high of $79.13. The stock has a market cap of $773.48 million, a price-to-earnings ratio of 56.76 and a beta of 0.93.

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

Institutional Trading of Graham

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC acquired a new position in shares of Graham during the 2nd quarter valued at about $912,000. Auto Owners Insurance Co increased its position in Graham by 4.8% during the second quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. raised 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 purchasing an additional 667 shares during the period. Cornerstone Investment Partners LLC acquired a new position in shares of Graham in the 2nd quarter valued at $215,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Graham by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 21,410 shares of the industrial products company’s stock valued at $1,060,000 after buying an additional 4,965 shares during the period. Hedge funds and other 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.