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

Shares of Graham Corporation (NYSE:GHM) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $72.50.

A number of research analysts recently commented on the company. Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings downgraded Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in Graham during the third quarter worth about $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 raised its stake in shares of Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Graham by 62.8% in the 2nd 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. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Graham by 130.5% in the 2nd 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. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Price Performance

Shares of GHM stock opened at $82.00 on Friday. The company has a market capitalization of $907.74 million, a PE ratio of 60.74 and a beta of 0.90. The firm’s 50-day moving average is $76.23 and its two-hundred day moving average is $63.65. Graham has a 12 month low of $24.78 and a 12 month high of $91.91.

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, beating the consensus estimate of $0.17 by $0.14. The business had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. Sell-side analysts forecast that Graham will post 1.07 EPS for the current 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.