Graham Corporation (NYSE:GHM) Given Average Rating of “Hold” by Analysts

Graham Corporation (NYSE:GHM) has been given an average rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $132.50.

GHM has been the topic of a number of research analyst reports. Northland Securities increased their target price on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings lowered Graham from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Oppenheimer lifted their price objective on shares of Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th.

Institutional Investors Weigh In On Graham

Institutional investors have recently modified their holdings of the business. Walleye Capital LLC acquired a new stake in Graham in the second quarter worth $594,000. Wasatch Advisors LP increased its position in Graham by 0.8% in the 2nd quarter. Wasatch Advisors LP now owns 85,103 shares of the industrial products company’s stock valued at $10,535,000 after acquiring an additional 659 shares during the period. Ausbil Investment Management Ltd acquired a new stake in Graham in the 2nd quarter valued at approximately $615,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Graham during the 2nd quarter valued at $52,000. Finally, American Capital Management Inc. raised its stake in Graham by 10.1% during the 1st quarter. American Capital Management Inc. now owns 51,520 shares of the industrial products company’s stock valued at $4,066,000 after acquiring an additional 4,717 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Price Performance

GHM opened at $98.94 on Tuesday. The company has a market capitalization of $1.16 billion, a P/E ratio of 87.56 and a beta of 1.01. The company has a 50-day moving average of $106.85 and a 200-day moving average of $92.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00. Graham has a 1-year low of $46.08 and a 1-year high of $125.82.

Graham (NYSE:GHM) last issued 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. The business had revenue of $67.08 million for the quarter, compared to analysts’ expectations of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. Equities 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.