Graham Corporation (GHM) – What Are Investment Firms Thinking About This Stock?

Shares of Graham Corporation (NYSE:GHM) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $123.33.

GHM has been the subject of several research reports. Weiss Ratings downgraded Graham from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Northland Securities increased their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer dropped their price target on Graham from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Graham in a report on Friday, October 2nd. They issued an “overweight” rating and a $120.00 price target for the company.

Institutional Trading of Graham

A number of large investors have recently made changes to their positions in the stock. Ausbil Investment Management Ltd increased its position in Graham by 64.7% during the 3rd quarter. Ausbil Investment Management Ltd now owns 8,484 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 3,332 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Graham in the 2nd quarter valued at about $4,475,000. Arizona State Retirement System acquired a new position in Graham in the 2nd quarter valued at about $350,000. Corient Private Wealth LP lifted its holdings in Graham by 9.5% in the 2nd quarter. Corient Private Wealth LP now owns 2,863 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 249 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new position in Graham in the 2nd quarter valued at about $249,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Price Performance

Shares of NYSE GHM opened at $68.20 on Friday. Graham has a 12-month low of $52.57 and a 12-month high of $125.82. The company has a market capitalization of $800.67 million, a PE ratio of 65.58 and a beta of 1.08. The firm’s 50-day moving average is $90.12 and its two-hundred day moving average is $97.05.

Graham (NYSE:GHM) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, beating 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 business had revenue of $71.34 million for the quarter, compared to analyst estimates of $65.60 million. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts forecast that Graham will post 1.87 EPS for the current fiscal year.

About Graham

Graham Corporation (NYSE: GHM) designs and manufactures specialized equipment and systems for defense, aerospace, and energy markets. Its products include vacuum equipment, heat exchangers, condensers, ejectors, and related thermal-management systems used in demanding industrial and government applications.

The company serves the U.S. Navy and other government customers, as well as commercial clients in areas such as power generation and process industries. Graham also provides engineering, fabrication, testing, installation, and aftermarket support services for its equipment and systems.

Founded in 1936 and headquartered in Batavia, New York, Graham has expanded its capabilities through acquisitions, including Barber-Nichols, a Colorado-based engineering and manufacturing business focused on turbomachinery, propulsion, and power-conversion technologies.