Graham (NYSE:GHM – Free Report) had its price objective decreased by JPMorgan Chase & Co. from $120.00 to $100.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.
GHM has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Oppenheimer cut their price objective on shares of Graham from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Finally, William Blair started coverage on Graham in a report on Monday. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.67.
View Our Latest Research Report on GHM
Graham Price Performance
GHM stock opened at $77.90 on Friday. The company has a fifty day moving average price of $80.15 and a two-hundred day moving average price of $91.09. Graham has a one year low of $52.57 and a one year high of $125.82. The stock has a market cap of $914.51 million, a price-to-earnings ratio of 67.74 and a beta of 1.16.
Graham (NYSE:GHM – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.18. The company had revenue of $69.76 million for the quarter, compared to analyst estimates of $71.07 million. Graham had a net margin of 5.05% and a return on equity of 11.56%. Research analysts anticipate that Graham will post 1.90 EPS for the current fiscal year.
Hedge Funds Weigh In On Graham
Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in Graham by 15.7% during the third quarter. Russell Investments Group Ltd. now owns 66,349 shares of the industrial products company’s stock worth $5,727,000 after buying an additional 9,028 shares in the last quarter. Philadelphia Trust Co. increased its stake in Graham by 36.0% during the 3rd quarter. Philadelphia Trust Co. now owns 87,531 shares of the industrial products company’s stock worth $7,555,000 after acquiring an additional 23,157 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Graham by 11.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 67,610 shares of the industrial products company’s stock worth $5,875,000 after acquiring an additional 7,209 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in Graham during the 3rd quarter worth $685,000. Finally, Conestoga Capital Advisors LLC raised its holdings in Graham by 19.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 25,350 shares of the industrial products company’s stock valued at $2,188,000 after acquiring an additional 4,110 shares in the last quarter. 69.46% of the stock is currently 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.
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