Graham Corporation (NYSE:GHM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Graham Corporation, with three holds and two buys among five covering firms. The average 12-month price target is $132.50.
• Graham reported quarterly EPS of $0.49, beating the $0.27 consensus estimate, while revenue reached $71.34 million and rose 28.6% year over year.
• Institutional ownership stands at 69.46%, following significant second-quarter purchases by BlackRock, William Blair Investment Management and Bank of New York Mellon.

Graham Corporation (NYSE:GHM - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $132.50.

A number of analysts have recently issued reports on GHM shares. Zacks Research cut shares of Graham from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Graham from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Graham from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, September 16th. Oppenheimer raised their target price on Graham to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Finally, Northland Securities boosted their price objective on Graham from $111.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 23rd.

Graham Stock Up 1.6%

Shares of NYSE:GHM opened at $87.26 on Wednesday. Graham has a 12 month low of $49.19 and a 12 month high of $125.82. The company's 50-day moving average price is $97.40 and its two-hundred day moving average price is $97.05. The firm has a market cap of $1.02 billion, a P/E ratio of 83.91 and a beta of 1.05.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly 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. The business had revenue of $71.34 million for the quarter, compared to analyst estimates of $65.60 million. Graham had a return on equity of 11.09% and a net margin of 4.53%.The firm's revenue was up 28.6% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. As a group, equities analysts predict that Graham will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently made changes to their positions in GHM. BlackRock Inc. purchased a new stake in Graham in the 2nd quarter worth approximately $110,235,000. William Blair Investment Management LLC purchased a new stake in Graham in the second quarter worth approximately $45,159,000. Bank of New York Mellon Corp bought a new position in Graham during the second quarter valued at approximately $31,920,000. Royce & Associates LP grew its position in Graham by 2.7% during the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company's stock valued at $30,330,000 after acquiring an additional 12,509 shares during the last quarter. Finally, Agman Capital LLC purchased a new position in shares of Graham during the fourth quarter worth approximately $14,079,000. 69.46% of the stock is currently owned by institutional investors.

Graham Company Profile

Graham Corporation NYSE: GHM designs and manufactures engineered vacuum and heat-transfer equipment for industrial, defense and aerospace applications. Its products include ejectors, vacuum systems, surface condensers, heat exchangers, feedwater heaters and other specialized thermal-management equipment.

The company serves customers in the U.S. Navy and other defense markets, as well as power generation, chemical processing, refining and related industries. Graham's equipment is used in applications that require steam, heat transfer, condensation or controlled vacuum conditions, including marine propulsion and industrial process systems.

Founded in 1936 and headquartered in Batavia, New York, Graham has historically supplied equipment to customers in the United States and international markets.

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