Graham Corporation (NYSE:GHM) Stock Has Consensus Target Price of $132.50 According to Brokerages

Graham Corporation (NYSE:GHM) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $132.50.

Several equities analysts recently commented on the company. Northland Securities upped their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Oppenheimer increased their price objective on shares of Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th.

Hedge Funds Weigh In On Graham

Several institutional investors and hedge funds have recently bought and sold shares of GHM. Squarepoint Ops LLC purchased a new stake in shares of Graham during the 2nd quarter valued at $4,475,000. Arizona State Retirement System acquired a new stake in shares of Graham during the 2nd quarter worth $350,000. Corient Private Wealth LP raised its position in shares of Graham by 9.5% in the 2nd quarter. Corient Private Wealth LP now owns 2,863 shares of the industrial products company’s stock worth $354,000 after buying an additional 249 shares during the period. Angeles Wealth Management LLC purchased a new position in shares of Graham in the 2nd quarter worth $249,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Graham in the second quarter valued at $558,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Performance

Shares of NYSE GHM opened at $85.98 on Wednesday. Graham has a 1 year low of $51.53 and a 1 year high of $125.82. The firm’s 50 day moving average price is $95.30 and its 200 day moving average price is $97.13. The firm has a market cap of $1.01 billion, a P/E ratio of 82.68 and a beta of 1.05.

Graham (NYSE:GHM) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. Graham had a net margin of 4.53% and a return on equity of 11.09%. The firm had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $65.60 million. During the same period in the previous year, the company earned $0.45 EPS. Graham’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts predict that Graham will post 1.87 EPS for the current year.

About Graham

Graham Corporation (NYSE: GHM) designs and manufactures engineered vacuum and heat-transfer equipment for industrial, defense and aerospace applications. Its products include ejectors, vacuum systems, surface condensers, heat exchangers, feedwater heaters and other specialized thermal-management equipment.

The company serves customers in the U.S. Navy and other defense markets, as well as power generation, chemical processing, refining and related industries. Graham’s equipment is used in applications that require steam, heat transfer, condensation or controlled vacuum conditions, including marine propulsion and industrial process systems.

Founded in 1936 and headquartered in Batavia, New York, Graham has historically supplied equipment to customers in the United States and international markets.