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

Shares of Graham Corporation (NYSE:GHM) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $81.6667.

GHM has been the topic of a number of analyst reports. Weiss Ratings cut Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Oppenheimer initiated coverage on Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price on the stock. Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th.

Graham Stock Performance

Shares of GHM opened at $95.80 on Thursday. The business’s 50-day moving average is $89.43 and its two-hundred day moving average is $76.50. The company has a market capitalization of $1.12 billion, a P/E ratio of 70.96 and a beta of 1.05. Graham has a fifty-two week low of $35.85 and a fifty-two week high of $103.53.

Institutional Investors Weigh In On Graham

A number of institutional investors have recently modified their holdings of GHM. Auto Owners Insurance Co grew its position in shares of Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after acquiring an additional 695,530 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Graham during the 3rd quarter valued at about $15,043,000. Royal Bank of Canada lifted its stake in Graham by 7,833.6% in the 4th quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock valued at $15,777,000 after buying an additional 242,529 shares in the last quarter. Agman Capital LLC purchased a new position in Graham in the 4th quarter valued at about $14,079,000. Finally, Alyeska Investment Group L.P. purchased a new position in Graham in the 3rd quarter valued at about $10,356,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.