Graham (NYSE:GHM) Announces Earnings Results

Graham (NYSE:GHM) announced its quarterly earnings results on Monday. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, FiscalAI reports. Graham had a return on equity of 13.26% and a net margin of 6.28%.The company had revenue of $67.08 million during the quarter, compared to the consensus estimate of $59.95 million.

Graham Price Performance

Graham stock opened at $106.81 on Monday. The stock has a market capitalization of $1.25 billion, a PE ratio of 79.12 and a beta of 1.04. Graham has a 12 month low of $41.53 and a 12 month high of $110.01. The business has a 50 day simple moving average of $93.65 and a 200-day simple moving average of $79.84.

Institutional Trading of Graham

A number of institutional investors and hedge funds have recently made changes to their positions in GHM. BNP Paribas Financial Markets increased its position in shares of Graham by 62.8% in 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 increased its position in shares of Graham by 396.2% in the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after buying an additional 840 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Graham in the fourth quarter valued at approximately $201,000. Millennium Management LLC purchased a new stake in shares of Graham in the third quarter valued at approximately $207,000. Finally, Inceptionr LLC purchased a new stake in shares of Graham during the third quarter worth approximately $211,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GHM. Zacks Research raised Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Graham in a report on Wednesday, May 20th. Finally, Oppenheimer assumed coverage on Graham in a report on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Graham presently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

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.