Graham Corporation (NYSE:GHM) Given Average Recommendation of “Hold” by Analysts

Shares of Graham Corporation (NYSE:GHM) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $132.50.

A number of research analysts have weighed in on the company. Oppenheimer upped their target price on Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen lowered Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Northland Securities upped their price target on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th.

Graham Stock Performance

Shares of GHM stock opened at $108.69 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00. Graham has a fifty-two week low of $46.08 and a fifty-two week high of $125.82. The stock has a 50 day moving average price of $104.51 and a two-hundred day moving average price of $88.63. The company has a market capitalization of $1.27 billion, a P/E ratio of 96.18 and a beta of 1.01.

Graham (NYSE:GHM) last issued its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 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 during the quarter, compared to the consensus estimate of $59.95 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts expect that Graham will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Graham

Several large investors have recently modified their holdings of the stock. Auto Owners Insurance Co raised its holdings in Graham by 6,323.0% in the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after buying an additional 695,530 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Graham by 7,833.6% during the fourth quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock valued at $15,777,000 after buying an additional 242,529 shares during the last quarter. Agman Capital LLC purchased a new stake in shares of Graham during the fourth quarter valued at approximately $14,079,000. Alyeska Investment Group L.P. bought a new stake in shares of Graham during the third quarter valued at approximately $10,356,000. Finally, Invesco Ltd. increased its position in shares of Graham by 1,993.3% during the fourth quarter. Invesco Ltd. now owns 135,879 shares of the industrial products company’s stock valued at $8,728,000 after acquiring an additional 129,388 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Key Headlines Impacting Graham

Here are the key news stories impacting Graham this week:

• Positive Sentiment: Graham recently posted quarterly EPS of $0.33, ahead of consensus, while revenue of $67.08 million also beat expectations, helping support investor confidence in the stock.
• Positive Sentiment: Revenue rose 13% year over year, suggesting continued demand strength and improving operating momentum for the industrial products company.
• Positive Sentiment: The stock has been trading near its 52-week high, and its above-average longer-term price trend reflects improved sentiment following recent performance.
• Neutral Sentiment: The news items provided are about Maine politician Graham Platner and his Senate campaign exit; they are unrelated to Graham Corporation (GHM) and should not materially affect the stock.

Graham Company Profile

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.