Graham Corporation (NYSE:GHM) Receives Consensus Rating of “Hold” from Analysts

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

Several equities research analysts have weighed in on GHM shares. Weiss Ratings downgraded Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Northland Securities boosted their price objective on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Oppenheimer boosted their price objective on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday.

Graham Stock Down 2.7%

Graham stock opened at $108.69 on Tuesday. Graham has a 52-week low of $46.58 and a 52-week high of $125.82. The firm has a market cap of $1.28 billion, a PE ratio of 104.51 and a beta of 1.04. The company’s 50 day moving average is $107.58 and its two-hundred day moving average is $93.97.

Graham (NYSE:GHM) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts anticipate that Graham will post 1.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of large investors have recently modified their holdings of the company. AdvisorShares Investments LLC boosted its stake in Graham by 7.9% in the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 238 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Graham by 1.5% during the third quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 319 shares in the last quarter. Diversified Trust Co increased its position in shares of Graham by 8.3% during the first quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 326 shares in the last quarter. Barclays PLC lifted its holdings in shares of Graham by 2.2% in the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 350 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Graham by 6.4% in the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 355 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.