William Blair initiated coverage on shares of Graham (NYSE:GHM – Free Report) in a research report released on Monday, Marketbeat.com reports. The brokerage issued an outperform rating on the industrial products company’s stock.
GHM has been the subject of several other research reports. Oppenheimer lowered their price objective on Graham from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Graham in a report on Friday, October 2nd. They set an “overweight” rating and a $120.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Graham has a consensus rating of “Moderate Buy” and an average target price of $116.67.
View Our Latest Stock Analysis on Graham
Graham Stock Down 1.6%
NYSE GHM opened at $86.82 on Monday. Graham has a twelve month low of $52.57 and a twelve month high of $125.82. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 75.50, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. The business’s fifty day moving average is $80.29 and its 200 day moving average is $91.29.
Graham (NYSE:GHM – Get Free Report) last issued its earnings results on Thursday, November 5th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18. The business had revenue of $69.76 million during the quarter, compared to analysts’ expectations of $71.07 million. Graham had a return on equity of 11.56% and a net margin of 5.05%. On average, research analysts anticipate that Graham will post 1.94 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of GHM. William Blair Investment Management LLC acquired a new position in shares of Graham during the second quarter valued at about $45,159,000. Bank of New York Mellon Corp acquired a new stake in shares of Graham in the 2nd quarter valued at about $4,598,000. BlackRock Inc. acquired a new stake in shares of Graham in the 2nd quarter valued at about $110,235,000. Quantbot Technologies LP bought a new stake in Graham in the 2nd quarter valued at about $1,342,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Graham during the 2nd quarter worth approximately $2,406,000. Institutional investors and hedge funds own 69.46% of the company’s stock.
Graham News Summary
Here’s some of the latest news about GHM:
- Positive Sentiment: Northland raised its fiscal 2027 EPS estimate to $1.87 from $1.76 and its fiscal 2028 estimate to $2.34 from $2.33, signaling improved expectations for future earnings. Noble also made a slight increase to its fiscal 2028 estimate. Graham analyst estimate updates
- Positive Sentiment: Zacks highlighted Graham’s above-average financial growth and reported that analysts’ average price target implies about 38% upside, though it cautioned that price targets alone are not a consistently reliable predictor. Zacks growth analysis Zacks analyst price-target discussion
- Neutral Sentiment: William Blair initiated coverage of Graham, but the report provided here does not specify a rating or price target, so the likely market impact is unclear. Graham Now Covered by William Blair
Graham Company Profile
Graham Corporation designs and manufactures engineered equipment used to create and maintain vacuum conditions and transfer heat. Its products include steam jet ejectors, vacuum systems, surface condensers and heat exchangers for industrial applications. The company also provides turbomachinery through its Barber-Nichols business, including pumps, compressors and turbines used in aerospace, defense, energy and other markets. Graham’s equipment serves customers in industries such as chemical processing, refining, power generation and naval defense.
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