Graham (NYSE:GHM) Coverage Initiated by Analysts at Northland Securities

Northland Securities started coverage on shares of Graham (NYSE:GHM - Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set an "outperform" rating and a $55.00 price target on the industrial products company's stock. Northland Securities' price objective points to a potential upside of 21.63% from the company's current price.

Separately, Wall Street Zen cut Graham from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Graham Price Performance

GHM stock opened at $45.22 on Monday. The firm has a 50 day simple moving average of $37.21 and a two-hundred day simple moving average of $37.79. The stock has a market cap of $495.16 million, a PE ratio of 40.74 and a beta of 0.85. Graham has a one year low of $24.78 and a one year high of $52.00.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.17. Graham had a net margin of 5.83% and a return on equity of 12.07%. The company had revenue of $59.35 million during the quarter, compared to analyst estimates of $55.67 million. On average, research analysts expect that Graham will post 1.07 EPS for the current fiscal year.

Institutional Trading of Graham

Several hedge funds have recently added to or reduced their stakes in GHM. Strs Ohio purchased a new position in shares of Graham in the first quarter worth about $467,000. Advisors Asset Management Inc. boosted its holdings in Graham by 58.1% during the 1st quarter. Advisors Asset Management Inc. now owns 11,796 shares of the industrial products company's stock valued at $340,000 after acquiring an additional 4,333 shares during the period. Panagora Asset Management Inc. grew its position in Graham by 30.2% during the 1st quarter. Panagora Asset Management Inc. now owns 54,971 shares of the industrial products company's stock worth $1,584,000 after acquiring an additional 12,739 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Graham by 1.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company's stock worth $8,107,000 after purchasing an additional 4,850 shares during the period. Finally, Wellington Management Group LLP lifted its position in Graham by 47.5% in the first quarter. Wellington Management Group LLP now owns 54,960 shares of the industrial products company's stock valued at $1,584,000 after purchasing an additional 17,693 shares during the last quarter. 69.46% of the stock is owned by institutional investors.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.

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