Graham Corporation (NYSE:GHM) Receives $95.33 Average Price Target from Analysts

Shares of Graham Corporation (NYSE:GHM) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.3333.

Several research firms have commented on GHM. Oppenheimer boosted their price target on shares of Graham from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Northland Securities set a $111.00 price target on shares of Graham in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen cut shares of Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GHM. BNP Paribas Financial Markets boosted 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 buying an additional 410 shares in the last quarter. Comerica Bank boosted its holdings in shares of Graham by 396.2% in 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 in the last quarter. Fifth Third Bancorp acquired a new position in shares of Graham in the 1st quarter valued at $69,000. Covestor Ltd boosted its holdings in shares of Graham by 4,697.4% in the 4th quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,832 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Graham by 385.1% in the 4th quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock valued at $187,000 after buying an additional 2,322 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Trading Down 0.0%

NYSE GHM opened at $110.69 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. Graham has a 52 week low of $45.00 and a 52 week high of $119.04. The stock has a market capitalization of $1.29 billion, a PE ratio of 97.96 and a beta of 1.04. The firm has a 50 day moving average of $98.52 and a two-hundred day moving average of $83.16.

Graham (NYSE:GHM) last posted its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Graham had a net margin of 5.10% and a return on equity of 11.94%. The company had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts expect that Graham will post 1.85 EPS for the current fiscal 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.