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

Graham Corporation (NYSE:GHM – Get Free Report) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $132.50.

A number of analysts recently issued reports on GHM shares. Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Oppenheimer increased their target price on shares of Graham to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Northland Securities lifted their price target on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

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Institutional Trading of Graham

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHM. Westport Asset Management Inc. acquired a new position in Graham during the 2nd quarter worth about $171,000. AdvisorShares Investments LLC grew its position in Graham by 7.9% in the 4th 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. Corient Private Wealth LP grew its position in Graham by 9.5% in the 2nd quarter. Corient Private Wealth LP now owns 2,863 shares of the industrial products company’s stock valued at $354,000 after acquiring an additional 249 shares in the last quarter. Diversified Trust Co increased its stake in 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Graham during the second quarter worth about $52,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Price Performance

Shares of GHM stock opened at $87.34 on Wednesday. The firm’s 50-day moving average is $96.11 and its two-hundred day moving average is $97.13. Graham has a 12 month low of $51.36 and a 12 month high of $125.82. The company has a market capitalization of $1.03 billion, a PE ratio of 83.98 and a beta of 1.05.

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

About Graham

(Get Free Report)

Graham Corporation (NYSE: GHM) designs and manufactures engineered vacuum and heat-transfer equipment for industrial, defense and aerospace applications. Its products include ejectors, vacuum systems, surface condensers, heat exchangers, feedwater heaters and other specialized thermal-management equipment.

The company serves customers in the U.S. Navy and other defense markets, as well as power generation, chemical processing, refining and related industries. Graham’s equipment is used in applications that require steam, heat transfer, condensation or controlled vacuum conditions, including marine propulsion and industrial process systems.

Founded in 1936 and headquartered in Batavia, New York, Graham has historically supplied equipment to customers in the United States and international markets.

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