Graham Corporation (NYSE:GHM) Receives Average Recommendation of “Hold” from Analysts

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

Several equities research analysts have commented on GHM shares. Northland Securities upped their target price on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Oppenheimer raised their price objective on Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th.

Graham Trading Down 7.4%

Graham stock opened at $86.45 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 83.13 and a beta of 1.04. The business has a 50-day moving average of $106.77 and a 200-day moving average of $96.67. Graham has a 1 year low of $46.58 and a 1 year high of $125.82.

Graham (NYSE:GHM) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Graham had a net margin of 4.53% and a return on equity of 11.09%. The business had revenue of $71.34 million for the quarter, compared to the consensus estimate of $65.60 million. During the same period last year, the company posted $0.45 EPS. Graham’s revenue for the quarter was up 28.6% on a year-over-year basis. Research analysts anticipate that Graham will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of hedge funds have recently modified their holdings of the business. Westport Asset Management Inc. bought a new position in shares of Graham during the 2nd quarter valued at about $171,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Graham during the 2nd quarter worth approximately $52,000. Silvant Capital Management LLC bought a new position in Graham in the second quarter valued at approximately $101,000. Fifth Third Bancorp acquired a new position in shares of Graham in the first quarter valued at approximately $69,000. Finally, Comerica Bank increased its position in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s 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.