Brokerages Set Graham Corporation (NYSE:GHM) PT at $95.33

Shares of Graham Corporation (NYSE:GHM) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $95.3333.

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Wall Street Zen cut Graham from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Oppenheimer upped their price objective on Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Northland Securities set a $111.00 target price on Graham in a research report on Tuesday, June 9th. Finally, Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th.

Institutional Trading of Graham

A number of large investors have recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC grew its stake in Graham by 7.9% during the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 238 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Graham by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 319 shares in the last quarter. Diversified Trust Co boosted its holdings in Graham by 8.3% in the 1st quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 326 shares during the period. Barclays PLC boosted its holdings in Graham by 2.2% in the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 350 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Graham by 6.4% during the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Down 0.0%

GHM opened at $110.69 on Monday. Graham has a fifty-two week low of $45.00 and a fifty-two week high of $119.04. The firm has a market capitalization of $1.29 billion, a P/E ratio of 97.96 and a beta of 1.04. The company’s 50-day moving average is $98.52 and its 200 day moving average is $83.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 0.68.

Graham (NYSE:GHM) last posted its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 EPS for the quarter, beating 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 firm had revenue of $67.08 million during the quarter, compared to analyst estimates of $59.95 million. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts expect that Graham will post 1.85 earnings per share 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.