Graham Corporation (NYSE:GHM) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Graham, with three hold ratings and two buys. The average 12-month price target is $132.50.
• Graham’s latest quarterly results exceeded expectations, with earnings per share of $0.49 versus the $0.27 consensus estimate and revenue of $71.34 million, up 28.6% year over year.
• The stock opened at $86.45 and was reported down 7.4%, while institutional investors and hedge funds collectively own 69.46% of the company.

Shares of Graham Corporation (NYSE:GHM - Get Free Report) have been given an average recommendation of "Hold" by the five research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $132.50.

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

Graham Trading Down 7.4%

Graham stock opened at $86.45 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 83.13 and a beta of 1.04. The business has a 50-day moving average of $106.77 and a 200-day moving average of $96.67. Graham has a 1 year low of $46.58 and a 1 year high of $125.82.

Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $71.34 million for the quarter, compared to the consensus estimate of $65.60 million. During the same period last year, the company posted $0.45 EPS. Graham's revenue for the quarter was up 28.6% on a year-over-year basis. Research analysts anticipate that Graham will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of hedge funds have recently modified their holdings of the business. Westport Asset Management Inc. bought a new position in shares of Graham during the 2nd quarter valued at about $171,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Graham during the 2nd quarter worth approximately $52,000. Silvant Capital Management LLC bought a new position in Graham in the second quarter valued at approximately $101,000. Fifth Third Bancorp acquired a new position in shares of Graham in the first quarter valued at approximately $69,000. Finally, Comerica Bank increased its position in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company's stock worth $58,000 after acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

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.

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