Graham Corporation (NYSE:GHM) Receives Average Rating of “Moderate Buy” from Brokerages

Graham Corporation (NYSE:GHM) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.00.

Several research analysts have commented on the stock. Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Noble Financial cut shares of Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th.

Graham Trading Up 0.4%

Shares of NYSE:GHM opened at $74.82 on Friday. The company has a 50-day moving average price of $64.24 and a 200-day moving average price of $57.67. The company has a market cap of $822.22 million, a price-to-earnings ratio of 60.33 and a beta of 0.93. Graham has a 12 month low of $24.78 and a 12 month high of $76.81.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $66.03 million for the quarter, compared to analysts’ expectations of $57.55 million. Graham had a net margin of 6.00% and a return on equity of 12.44%. As a group, research analysts forecast that Graham will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

Several institutional investors and hedge funds have recently made changes to their positions in GHM. Strs Ohio purchased a new stake in Graham during the 1st quarter valued at $467,000. Exchange Traded Concepts LLC lifted its holdings in shares of Graham by 35.3% during the second quarter. Exchange Traded Concepts LLC now owns 83,056 shares of the industrial products company’s stock valued at $4,112,000 after purchasing an additional 21,649 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of Graham by 10.5% during the second quarter. Annex Advisory Services LLC now owns 40,761 shares of the industrial products company’s stock valued at $2,018,000 after buying an additional 3,858 shares during the last quarter. Inspire Investing LLC bought a new stake in Graham in the 2nd quarter worth about $912,000. Finally, Auto Owners Insurance Co raised its position in Graham by 4.8% in the 2nd quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company’s stock worth $545,000 after buying an additional 500 shares during the last quarter. Institutional investors 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.