Graham Corporation (NYSE:GHM – Get Free Report) has earned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $132.50.
GHM has been the subject of a number of analyst reports. Weiss Ratings downgraded Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Northland Securities increased their price objective on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Oppenheimer raised their target price on Graham to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th.
Check Out Our Latest Report on GHM
Graham Stock Up 2.1%
Graham (NYSE:GHM – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $71.34 million for the quarter, compared to analyst estimates of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. On average, research analysts forecast that Graham will post 1.87 EPS for the current year.
Institutional Trading of Graham
Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in Graham by 249,920.6% during the second quarter. California State Teachers Retirement System now owns 1,407,616 shares of the industrial products company’s stock worth $174,249,000 after buying an additional 1,407,053 shares in the last quarter. BlackRock Inc. purchased a new position in Graham in the second quarter valued at about $110,235,000. Auto Owners Insurance Co increased its holdings in Graham by 6,323.0% in the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after buying an additional 695,530 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Graham by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after acquiring an additional 12,974 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Graham by 2.7% during the 4th quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock valued at $30,330,000 after acquiring an additional 12,509 shares during the period. Institutional investors and hedge funds 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.
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