Graham (NYSE:GHM) Earns Outperform Rating from Analysts at Northland Securities

Equities researchers at Northland Securities assumed coverage on shares of Graham (NYSE:GHM - Get Free Report) in a research note issued to investors on Monday, Marketbeat reports. The firm set an "outperform" rating and a $55.00 price target on the industrial products company's stock. Northland Securities' price target suggests a potential upside of 10.51% from the company's previous close.

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

Graham Stock Up 3.7%

GHM traded up $1.77 during midday trading on Monday, hitting $49.77. 98,451 shares of the company were exchanged, compared to its average volume of 84,530. The firm's 50 day moving average price is $38.31 and its 200-day moving average price is $37.97. Graham has a 1-year low of $24.78 and a 1-year high of $52.00. The firm has a market capitalization of $544.98 million, a P/E ratio of 44.84 and a beta of 0.85.

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

Institutional Investors Weigh In On Graham

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Graham in the 4th quarter valued at about $31,000. New York State Teachers Retirement System boosted its holdings in Graham by 839.0% in the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after acquiring an additional 839 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Graham in the first quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new stake in shares of Graham during the fourth quarter valued at approximately $45,000. Finally, Russell Investments Group Ltd. raised its position in shares of Graham by 18,025.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock worth $64,000 after purchasing an additional 1,442 shares during the period. 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.