Graham (NYSE:GHM) Upgraded by Northland Securities to “Outperform” Rating

Northland Securities upgraded shares of Graham (NYSE:GHM) from a market perform rating to an outperform rating in a research report report published on Tuesday, MarketBeat.com reports.

GHM has been the subject of a number of other reports. Noble Financial lowered Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. Weiss Ratings raised Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Graham currently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

Graham Trading Up 4.8%

GHM opened at $89.15 on Tuesday. The business’s 50 day moving average is $69.38 and its 200-day moving average is $59.91. The stock has a market cap of $979.53 million, a PE ratio of 66.03 and a beta of 0.92. Graham has a twelve month low of $24.78 and a twelve month high of $90.65.

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

Institutional Trading of Graham

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in shares of Graham in the third quarter worth approximately $28,000. State of Alaska Department of Revenue purchased a new stake in shares of Graham in the 3rd quarter valued at approximately $33,000. Comerica Bank boosted its stake in Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 840 shares during the period. BNP Paribas Financial Markets grew its position in Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 410 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Graham by 130.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 667 shares during the period. Institutional investors and hedge funds 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.