Graham Corporation (NYSE:GHM) Stock Has Consensus Price Target of $123.33

Shares of Graham Corporation (NYSE:GHM) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $123.33.

Several analysts recently issued reports on the company. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer dropped their price objective on Graham from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Weiss Ratings cut Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Graham in a research note on Friday, October 2nd. They set an “overweight” rating and a $120.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Westport Asset Management Inc. bought a new stake in shares of Graham during the 2nd quarter valued at about $171,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Graham in the second quarter worth about $52,000. Silvant Capital Management LLC purchased a new stake in Graham in the second quarter worth about $101,000. Fifth Third Bancorp purchased a new stake in Graham in the first quarter worth about $69,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Graham during the 2nd quarter valued at approximately $1,456,000. 69.46% of the stock is currently owned by institutional investors.

Graham Stock Performance

Shares of GHM stock opened at $64.34 on Friday. Graham has a fifty-two week low of $52.57 and a fifty-two week high of $125.82. The stock has a 50 day moving average price of $86.68 and a two-hundred day moving average price of $96.82. The company has a market capitalization of $755.40 million, a P/E ratio of 61.87 and a beta of 1.08.

Graham (NYSE:GHM) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (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 for the quarter, compared to analysts’ expectations of $65.60 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue was up 28.6% on a year-over-year basis. As a group, equities analysts predict that Graham will post 1.87 earnings per share for the current year.

About Graham

Graham Corporation (NYSE: GHM) is a U.S.-based designer and manufacturer of engineered equipment and systems for the defense, space, and commercial markets. The company develops thermal-management, fluid-handling, vacuum, and power-generation technologies used in demanding industrial and government applications.

Graham supplies equipment for naval vessels, including surface ships and submarines, as well as systems supporting aerospace and space programs. Its products and capabilities include condensers, heat exchangers, vacuum equipment, steam and gas ejectors, cryogenic systems, and integrated propulsion and power solutions.