Graham Corporation (NYSE:GHM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Graham Corporation (NYSE:GHM) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $60.00.

Several research analysts recently issued reports on GHM shares. Weiss Ratings cut Graham from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Noble Financial downgraded Graham from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Finally, Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Institutional Investors Weigh In On Graham

Several hedge funds have recently modified their holdings of GHM. Blue Trust Inc. bought a new position in Graham in the third quarter worth approximately $28,000. State of Alaska Department of Revenue purchased a new position in shares of Graham in the 3rd quarter valued at $33,000. BNP Paribas Financial Markets increased its holdings in shares of Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 410 shares during the period. First Horizon Advisors Inc. raised its position in shares of Graham by 130.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 667 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Graham by 396.2% during the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Down 2.4%

NYSE GHM opened at $72.42 on Friday. The stock has a market cap of $795.88 million, a PE ratio of 58.40 and a beta of 0.93. Graham has a 12 month low of $24.78 and a 12 month high of $75.36. The company’s 50-day moving average price is $63.64 and its 200-day moving average price is $57.43.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, November 7th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $66.03 million during the quarter, compared to analysts’ expectations of $57.55 million. Graham had a net margin of 6.00% and a return on equity of 12.44%. As a group, sell-side analysts forecast that Graham will post 1.07 earnings per share for the current year.

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.