Graham Corporation (NYSE:GHM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Graham Corporation (NYSE:GHM) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $81.6667.

A number of research firms have recently weighed in on GHM. Oppenheimer started coverage on shares of Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target for the company. Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th. Finally, Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th.

Hedge Funds Weigh In On Graham

Several large investors have recently modified their holdings of GHM. Blue Trust Inc. acquired a new position in Graham in the third quarter worth about $28,000. State of Alaska Department of Revenue acquired a new stake in Graham during the third quarter valued at approximately $33,000. BNP Paribas Financial Markets raised its stake 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 buying an additional 410 shares in the last quarter. Comerica Bank lifted its holdings in Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares during the last quarter. Finally, Spire Wealth Management bought a new position in Graham during the 3rd quarter worth approximately $71,000. Institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

Shares of GHM opened at $78.68 on Wednesday. The company has a market capitalization of $871.17 million, a P/E ratio of 58.28 and a beta of 0.90. Graham has a one year low of $24.78 and a one year high of $91.91. The stock has a 50-day moving average price of $80.35 and a 200 day moving average price of $67.82.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. Graham had a return on equity of 13.26% 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. As a group, equities research 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.