Graham (NYSE:GHM) Now Covered by Oppenheimer

Oppenheimer initiated coverage on shares of Graham (NYSE:GHM) in a research note issued to investors on Wednesday morning, MarketBeat reports. The firm issued an outperform rating and a $100.00 target price on the industrial products company’s stock.

GHM has been the subject of several other research reports. Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Graham presently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Graham Trading Down 1.0%

Shares of GHM stock opened at $81.00 on Wednesday. The firm’s 50 day moving average is $78.83 and its 200 day moving average is $65.63. The stock has a market capitalization of $896.64 million, a P/E ratio of 60.00 and a beta of 0.90. Graham has a 12 month low of $24.78 and a 12 month high of $91.91.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. Graham had a net margin of 6.28% and a return on equity of 13.26%. The business had revenue of $56.70 million during the quarter, compared to analyst estimates of $52.36 million. On average, equities analysts predict that Graham will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Graham

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Graham during the 3rd quarter valued at about $28,000. State of Alaska Department of Revenue bought a new position in Graham during the third quarter valued at approximately $33,000. BNP Paribas Financial Markets grew its position 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 valued at $53,000 after acquiring an additional 410 shares during the last quarter. Comerica Bank raised its stake in shares of Graham by 396.2% during the third 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. Finally, Spire Wealth Management bought a new stake in shares of Graham in the 3rd quarter worth approximately $71,000. 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.