Analysts Set Graham Corporation (NYSE:GHM) Price Target at $81.67

Graham Corporation (NYSE:GHM) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $81.6667.

GHM has been the subject of several research analyst reports. Northland Securities raised Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Oppenheimer started coverage on Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price on the stock. Finally, Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th.

Institutional Investors Weigh In On Graham

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Graham by 77.8% during the second quarter. Russell Investments Group Ltd. now owns 86,358 shares of the industrial products company’s stock worth $4,276,000 after acquiring an additional 37,781 shares during the last quarter. Royce & Associates LP grew its position in shares of Graham by 24.0% in the third quarter. Royce & Associates LP now owns 459,698 shares of the industrial products company’s stock valued at $25,237,000 after purchasing an additional 89,014 shares during the last quarter. Philadelphia Trust Co. grew its position in shares of Graham by 41.4% in the second quarter. Philadelphia Trust Co. now owns 84,532 shares of the industrial products company’s stock valued at $4,185,000 after purchasing an additional 24,754 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Graham by 39.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 115,846 shares of the industrial products company’s stock worth $6,360,000 after purchasing an additional 32,790 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Graham by 50.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 17,691 shares of the industrial products company’s stock worth $876,000 after purchasing an additional 5,895 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Trading Up 0.4%

GHM stock opened at $81.59 on Wednesday. The company’s 50-day moving average price is $80.76 and its 200 day moving average price is $68.22. Graham has a 52 week low of $24.78 and a 52 week high of $91.91. The company has a market cap of $903.45 million, a P/E ratio of 60.44 and a beta of 0.95.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. Graham had a net margin of 6.28% and a return on equity of 13.26%. The company had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.36 million. On average, equities research analysts expect that Graham will post 1.07 earnings per share for the current year.

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.