Graham (NYSE:GHM) Downgraded to "Market Perform" Rating by Noble Financial

Key Points

• Noble Financial has downgraded Graham (NYSE: GHM) from an "outperform" rating to a "market perform" rating.
• Graham's stock has a consensus rating of "Moderate Buy" with a price target of $60.00, while several analysts have recently adjusted their ratings on the company.
• Graham shares fell 1.6% to $60.82, following the downgrade, despite previously reporting earnings that exceeded analyst expectations.

Graham (NYSE:GHM - Get Free Report) was downgraded by stock analysts at Noble Financial from an "outperform" rating to a "market perform" rating in a research note issued to investors on Tuesday,Finviz reports.

Several other equities research analysts have also issued reports on the company. Weiss Ratings lowered Graham from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Zacks Research lowered Graham from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Maxim Group raised Graham to a "buy" rating and set a $65.00 target price for the company in a research note on Wednesday, July 2nd. Northland Capmk upgraded Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Finally, Northland Securities started coverage on Graham in a research report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Graham Trading Down 1.6%

Shares of NYSE GHM traded down $0.99 on Tuesday, reaching $60.82. 9,201 shares of the company traded hands, compared to its average volume of 104,752. Graham has a fifty-two week low of $24.78 and a fifty-two week high of $64.08. The company has a 50 day moving average of $52.54 and a 200 day moving average of $45.83. The stock has a market capitalization of $667.60 million, a PE ratio of 48.17 and a beta of 0.96.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.20. The firm had revenue of $55.49 million during the quarter, compared to the consensus estimate of $55.53 million. Graham had a net margin of 6.43% and a return on equity of 12.83%. Graham has set its FY 2026 guidance at EPS. As a group, research analysts expect that Graham will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Graham

A number of institutional investors and hedge funds have recently bought and sold shares of GHM. Police & Firemen s Retirement System of New Jersey raised its position in shares of Graham by 15.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company's stock worth $117,000 after acquiring an additional 310 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Graham by 62.8% during the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company's stock worth $53,000 after acquiring an additional 410 shares during the last quarter. Auto Owners Insurance Co raised its position in shares of Graham by 4.8% during the second quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company's stock worth $545,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Graham during the third quarter worth $28,000. Finally, Algert Global LLC raised its position in shares of Graham by 7.4% during the first quarter. Algert Global LLC now owns 8,498 shares of the industrial products company's stock worth $245,000 after acquiring an additional 588 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

About Graham

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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