Analysts Set Graham Corporation (NYSE:GHM) Price Target at $60.00

Graham Corporation (NYSE:GHM) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $60.00.

GHM has been the topic of several research analyst reports. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Noble Financial downgraded shares of Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings upgraded Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 22nd.

Graham Price Performance

Graham stock opened at $71.20 on Monday. Graham has a 1-year low of $24.78 and a 1-year high of $72.09. The business has a fifty day moving average price of $60.83 and a 200-day moving average price of $54.91. The stock has a market capitalization of $782.52 million, a price-to-earnings ratio of 57.42 and a beta of 0.92.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Graham had a net margin of 6.00% and a return on equity of 12.44%. The business had revenue of $66.03 million during the quarter, compared to analysts’ expectations of $57.55 million. On average, equities research analysts anticipate that Graham will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new position in Graham during the 3rd quarter worth approximately $1,142,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Graham in the third quarter worth $368,000. Alyeska Investment Group L.P. purchased a new position in shares of Graham during the third quarter worth $10,356,000. Verition Fund Management LLC acquired a new position in Graham during the third quarter valued at $228,000. Finally, Millennium Management LLC purchased a new stake in Graham in the third quarter valued at $207,000. 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.