Brokerages Set Graham Corporation (NYSE:GHM) Price Target at $60.00

Shares of Graham Corporation (NYSE:GHM) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $60.00.

A number of brokerages have recently commented on GHM. Noble Financial lowered Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings raised Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GHM. Invesco Ltd. grew its position in Graham by 1,396.0% in the second quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after purchasing an additional 108,146 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Graham by 61.4% during the 1st quarter. American Century Companies Inc. now owns 222,187 shares of the industrial products company’s stock worth $6,403,000 after buying an additional 84,529 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its holdings in shares of Graham by 598.1% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 80,536 shares of the industrial products company’s stock valued at $2,321,000 after acquiring an additional 69,000 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Graham by 56.8% in the second quarter. Kennedy Capital Management LLC now owns 185,374 shares of the industrial products company’s stock valued at $9,178,000 after acquiring an additional 67,139 shares during the last quarter. Finally, Philadelphia Trust Co. acquired a new stake in shares of Graham in the first quarter valued at about $1,723,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Down 2.6%

Shares of GHM stock opened at $62.31 on Friday. Graham has a 12-month low of $24.78 and a 12-month high of $64.66. The firm has a fifty day moving average of $55.59 and a 200-day moving average of $48.63. The company has a market capitalization of $683.87 million, a price-to-earnings ratio of 49.45 and a beta of 0.97.

Graham (NYSE:GHM) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $55.49 million during the quarter, compared to analyst estimates of $55.53 million. Graham had a net margin of 6.43% and a return on equity of 12.83%. On average, equities analysts expect that Graham will post 1.07 EPS for the current year.

About Graham

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.