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

Graham Corporation (NYSE:GHM) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.6667.

Several research firms recently weighed in on GHM. Oppenheimer began coverage on shares of Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target for the company. Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Finally, Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th.

Hedge Funds Weigh In On Graham

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. bought a new position in Graham during the third quarter valued at $28,000. State of Alaska Department of Revenue bought a new stake in shares of Graham in the third quarter valued at $33,000. BNP Paribas Financial Markets lifted its position in shares of Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after buying an additional 410 shares during the last quarter. Comerica Bank lifted its position 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 valued at $58,000 after buying an additional 840 shares during the last quarter. Finally, Spire Wealth Management bought a new position in shares of Graham during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Trading Up 0.4%

Shares of Graham stock opened at $81.59 on Wednesday. The business’s fifty day simple moving average is $80.76 and its 200 day simple moving average is $68.44. Graham has a 12 month low of $24.78 and a 12 month high of $91.91. The firm has a market capitalization of $903.20 million, a P/E ratio of 60.44 and a beta of 0.95.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The firm had revenue of $56.70 million during the quarter, compared to the consensus estimate of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. Analysts predict that Graham will post 1.07 EPS for the current fiscal year.

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.