Graham Corporation (NYSE:GHM) Given Consensus Rating of “Hold” by Brokerages

Shares of Graham Corporation (NYSE:GHM) have earned an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $132.50.

A number of equities analysts have weighed in on the company. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Oppenheimer increased their target price on shares of Graham to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Northland Securities raised their target price on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd.

Hedge Funds Weigh In On Graham

A number of large investors have recently modified their holdings of GHM. Nicholas Investment Partners LP acquired a new stake in shares of Graham in the fourth quarter valued at about $1,888,000. Agman Capital LLC acquired a new position in Graham during the fourth quarter valued at approximately $14,079,000. Legato Capital Management LLC grew its stake in Graham by 21.7% in the fourth quarter. Legato Capital Management LLC now owns 50,519 shares of the industrial products company’s stock valued at $3,245,000 after purchasing an additional 9,004 shares in the last quarter. State of Wyoming bought a new position in Graham in the second quarter valued at approximately $1,107,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Graham during the 2nd quarter worth approximately $45,159,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

Shares of Graham stock opened at $86.45 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 83.13 and a beta of 1.04. The stock’s 50-day moving average is $106.77 and its 200-day moving average is $96.67. Graham has a one year low of $46.58 and a one year high of $125.82.

Graham (NYSE:GHM) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The business had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. During the same period last year, the company earned $0.45 earnings per share. Graham’s quarterly revenue was up 28.6% on a year-over-year basis. On average, equities analysts expect that Graham will post 1.87 EPS for the current 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.