Graham (NYSE:GHM) Hits New 12-Month High – Should You Buy?

Graham Corporation (NYSE:GHM) shares reached a new 52-week high on Tuesday . The stock traded as high as $115.14 and last traded at $113.9990, with a volume of 13773 shares trading hands. The stock had previously closed at $107.57.

Analysts Set New Price Targets

Several analysts have commented on GHM shares. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Oppenheimer lifted their target price on Graham from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Northland Securities set a $111.00 price objective on Graham in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.33.

Graham Stock Up 6.6%

The firm has a market capitalization of $1.34 billion, a PE ratio of 100.71 and a beta of 1.04. The business’s 50 day simple moving average is $96.27 and its 200 day simple moving average is $81.77. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.09.

Graham (NYSE:GHM) last announced its earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Graham had a net margin of 5.10% and a return on equity of 11.94%. The firm had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $59.95 million. During the same period in the prior year, the company earned $0.40 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Graham Corporation will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Graham

Institutional investors have recently modified their holdings of the stock. Auto Owners Insurance Co increased its position in shares of Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after purchasing an additional 695,530 shares during the last quarter. Vanguard Group Inc. boosted its stake in Graham by 2.2% during the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock worth $33,074,000 after buying an additional 12,974 shares during the period. Royce & Associates LP boosted its stake in Graham by 2.7% during the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after buying an additional 12,509 shares during the period. Wasatch Advisors LP increased its position in Graham by 6.1% during the second quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock valued at $15,655,000 after acquiring an additional 18,084 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Graham by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock valued at $19,142,000 after acquiring an additional 24,005 shares during the period. 69.46% of the stock is owned by institutional investors.

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.