Graham (NYSE:GHM) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Graham (NYSE:GHM) issued its quarterly earnings results on Monday. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03, FiscalAI reports. Graham had a return on equity of 13.26% and a net margin of 6.28%.The firm had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million.

Graham Stock Down 0.3%

Shares of GHM opened at $106.81 on Monday. Graham has a 52-week low of $41.53 and a 52-week high of $110.01. The company has a market capitalization of $1.25 billion, a PE ratio of 79.12 and a beta of 1.04. The stock has a fifty day simple moving average of $93.65 and a two-hundred day simple moving average of $79.84.

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Graham by 1,993.3% in the 4th quarter. Invesco Ltd. now owns 135,879 shares of the industrial products company’s stock worth $8,728,000 after acquiring an additional 129,388 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Graham in the 4th quarter worth $948,000. Uniplan Investment Counsel Inc. increased its stake in shares of Graham by 18.0% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 47,865 shares of the industrial products company’s stock worth $3,074,000 after acquiring an additional 7,311 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Graham by 52.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 9,761 shares of the industrial products company’s stock worth $627,000 after acquiring an additional 3,354 shares during the last quarter. Finally, American Capital Management Inc. increased its stake in shares of Graham by 15.8% in the 4th quarter. American Capital Management Inc. now owns 46,803 shares of the industrial products company’s stock worth $3,006,000 after acquiring an additional 6,374 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on GHM shares. Zacks Research upgraded Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Oppenheimer started coverage on Graham in a research report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Graham in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

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.