Graham (NYSE:GHM) Coverage Initiated by Analysts at William Blair

William Blair assumed coverage on shares of Graham (NYSE:GHM) in a research note issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating on the industrial products company’s stock.

Several other research analysts have also commented on GHM. JPMorgan Chase & Co. initiated coverage on Graham in a research report on Friday, October 2nd. They issued an “overweight” rating and a $120.00 price objective on the stock. Weiss Ratings downgraded Graham from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Oppenheimer dropped their target price on Graham from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

Graham Stock Performance

GHM opened at $77.90 on Monday. Graham has a 1 year low of $52.57 and a 1 year high of $125.82. The firm has a 50 day moving average price of $80.15 and a 200 day moving average price of $91.09. The company has a market cap of $914.51 million, a PE ratio of 67.74 and a beta of 1.16.

Graham (NYSE:GHM) last issued its earnings results on Thursday, November 5th. The industrial products company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18. The business had revenue of $69.76 million for the quarter, compared to the consensus estimate of $71.07 million. Graham had a net margin of 5.05% and a return on equity of 11.56%. On average, sell-side analysts predict that Graham will post 1.90 earnings per share for the current year.

Institutional Investors Weigh In On Graham

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Graham during the 2nd quarter worth $110,235,000. William Blair Investment Management LLC purchased a new position in Graham in the 2nd quarter valued at about $45,159,000. Bank of New York Mellon Corp purchased a new position in Graham in the 2nd quarter valued at about $31,920,000. De Lisle Partners LLP purchased a new position in Graham in the 2nd quarter valued at about $11,141,000. Finally, Wasatch Advisors LP grew its stake in shares of Graham by 0.8% during the second quarter. Wasatch Advisors LP now owns 85,103 shares of the industrial products company’s stock valued at $10,535,000 after acquiring an additional 659 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Company Profile

Graham Corporation (NYSE: GHM) is a U.S.-based designer and manufacturer of engineered equipment and systems for the defense, space, and commercial markets. The company develops thermal-management, fluid-handling, vacuum, and power-generation technologies used in demanding industrial and government applications.

Graham supplies equipment for naval vessels, including surface ships and submarines, as well as systems supporting aerospace and space programs. Its products and capabilities include condensers, heat exchangers, vacuum equipment, steam and gas ejectors, cryogenic systems, and integrated propulsion and power solutions.