Graham Corporation (NYSE:GHM) Given Consensus Rating of “Hold” by Analysts

Shares of Graham Corporation (NYSE:GHM) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $72.50.

Several analysts recently commented on GHM shares. Northland Securities downgraded shares of Graham from an “outperform” rating to a “market perform” rating and set a $80.00 price objective on the stock. in a research report on Tuesday, January 27th. Noble Financial downgraded shares of Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. Weiss Ratings raised shares of Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a report on Sunday, November 16th.

Institutional Investors Weigh In On Graham

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in Graham by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 241,955 shares of the industrial products company’s stock worth $15,544,000 after buying an additional 820 shares during the last quarter. Royce & Associates LP grew its stake in shares of Graham by 2.7% in the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after acquiring an additional 12,509 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Graham by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock valued at $19,142,000 after purchasing an additional 24,005 shares during the last quarter. Legato Capital Management LLC lifted its position in Graham by 21.7% during the fourth quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company’s stock valued at $3,245,000 after purchasing an additional 9,004 shares during the period. Finally, Covestor Ltd lifted its position in Graham by 4,697.4% during the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,832 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Performance

Shares of NYSE GHM opened at $85.56 on Tuesday. The company has a 50 day simple moving average of $68.73 and a two-hundred day simple moving average of $59.66. Graham has a fifty-two week low of $24.78 and a fifty-two week high of $87.95. The company has a market capitalization of $940.30 million, a price-to-earnings ratio of 63.38 and a beta of 0.92.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. Graham had a return on equity of 13.47% and a net margin of 6.28%.The company had revenue of $56.70 million for the quarter, compared to the consensus estimate of $52.36 million. On average, analysts forecast that Graham will post 1.07 earnings per share for the current fiscal 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.