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 brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $132.50.

GHM has been the subject of several recent research reports. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Oppenheimer increased their price objective on Graham to $130.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Wall Street Zen lowered Graham from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Northland Securities lifted 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. Finally, Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th.

Institutional Trading of Graham

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of Graham by 40.6% in the second quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock worth $731,000 after buying an additional 4,257 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Graham during the second quarter valued at approximately $325,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Graham during the second quarter valued at approximately $226,000. Invesco Ltd. lifted its position in shares of Graham by 1,396.0% in the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after acquiring an additional 108,146 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Graham in the 2nd quarter worth approximately $783,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Price Performance

NYSE:GHM opened at $108.08 on Friday. Graham has a 52-week low of $46.08 and a 52-week high of $125.82. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.27 billion, a P/E ratio of 95.65 and a beta of 1.01. The business’s 50-day moving average price is $105.70 and its 200 day moving average price is $89.97.

Graham (NYSE:GHM) last posted its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $67.08 million during the quarter, compared to analyst estimates of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. As a group, sell-side analysts predict 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.