Graham Corporation (GHM) - What Are Analysts Saying About This Stock?

Key Points

• Analysts give Graham a “Moderate Buy” consensus, with three buy ratings and three holds. The average 12-month price target is $123.33, though recent targets ranged from $115 to $135.
• Institutional investors own 69.46% of Graham’s shares, with BlackRock, William Blair Investment Management, and Bank of New York Mellon among firms establishing significant positions in the second quarter.
• Graham’s shares opened at $68.20, well below their 52-week high of $125.82, while the company’s latest quarterly results exceeded expectations: EPS was $0.49 versus $0.27 expected, and revenue rose 28.6% year over year to $71.34 million.

Shares of Graham Corporation (NYSE:GHM - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $123.33.

A number of equities research analysts have recently issued reports on GHM shares. Wall Street Zen upgraded shares of Graham from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Northland Securities boosted their price target on Graham from $111.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Weiss Ratings cut Graham from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. 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 on the stock. Finally, Oppenheimer dropped their price objective on Graham from $130.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, October 8th.

Institutional Trading of Graham

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Graham in the second quarter valued at $110,235,000. William Blair Investment Management LLC purchased a new position in shares of Graham in the second quarter valued at $45,159,000. Bank of New York Mellon Corp acquired a new position in shares of Graham during the 2nd quarter worth $31,920,000. De Lisle Partners LLP acquired a new position in shares of Graham during the 2nd quarter worth $11,141,000. Finally, Wasatch Advisors LP boosted its position in shares of Graham by 0.8% in the 2nd quarter. Wasatch Advisors LP now owns 85,103 shares of the industrial products company's stock worth $10,535,000 after buying an additional 659 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Down 4.1%

Shares of NYSE GHM opened at $68.20 on Friday. Graham has a 52 week low of $52.57 and a 52 week high of $125.82. The firm has a 50-day moving average price of $90.12 and a 200 day moving average price of $97.05. The stock has a market capitalization of $800.67 million, a price-to-earnings ratio of 65.58 and a beta of 1.08.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $65.60 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm's revenue was up 28.6% on a year-over-year basis. Equities research analysts expect that Graham will post 1.87 EPS for the current fiscal year.

Graham Company Profile

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.

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