Graham Corporation (NYSE:GHM – Get Free Report)’s stock price was down 5.7% on Tuesday . The company traded as low as $81.97 and last traded at $82.2520. 21,897 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 185,543 shares. The stock had previously closed at $87.21.
Analyst Ratings Changes
Several research firms have recently issued reports on GHM. Weiss Ratings lowered shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Northland Securities raised their price objective on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer increased their target price on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.50.
Check Out Our Latest Report on GHM
Graham Stock Performance
Graham (NYSE:GHM – Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The company had revenue of $71.34 million during the quarter, compared to analyst estimates of $65.60 million. Graham had a return on equity of 11.09% and a net margin of 4.53%.Graham’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts anticipate that Graham Corporation will post 1.87 earnings per share for the current year.
Institutional Trading of Graham
Institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Graham in the 2nd quarter valued at $52,000. BNP Paribas Financial Markets increased its position in shares of Graham by 62.8% in the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 410 shares during the period. Comerica Bank lifted its holdings in shares of Graham by 396.2% in the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Graham in the first quarter worth approximately $69,000. Finally, Silvant Capital Management LLC bought a new position in Graham during the second quarter valued at $101,000. Institutional investors and hedge funds own 69.46% of the company’s stock.
About Graham
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.
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