Graham (NYSE:GHM) Now Covered by Analysts at Maxim Group

Maxim Group initiated coverage on shares of Graham (NYSE:GHM - Free Report) in a research note published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $65.00 target price on the industrial products company's stock.

Several other equities analysts have also recently issued reports on the company. Northland Securities assumed coverage on Graham in a report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target on the stock. Northland Capmk raised shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd.

Graham Price Performance

Graham stock traded up $1.69 during trading hours on Wednesday, hitting $50.69. The company had a trading volume of 115,323 shares, compared to its average volume of 80,208. Graham has a fifty-two week low of $24.78 and a fifty-two week high of $52.00. The firm's fifty day moving average is $39.93 and its 200-day moving average is $38.08. The firm has a market capitalization of $555.06 million, a P/E ratio of 45.67 and a beta of 0.90.

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

Institutional Investors Weigh In On Graham

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Graham by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 665,865 shares of the industrial products company's stock worth $19,190,000 after buying an additional 11,874 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Graham by 8.7% during the 4th quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock valued at $16,693,000 after buying an additional 29,900 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Graham by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock worth $15,697,000 after purchasing an additional 1,750 shares during the period. Gamco Investors INC. ET AL raised its position in Graham by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company's stock valued at $8,107,000 after purchasing an additional 4,850 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Graham by 61.4% in the 1st quarter. American Century Companies Inc. now owns 222,187 shares of the industrial products company's stock worth $6,403,000 after buying an additional 84,529 shares during the last quarter. Institutional investors own 69.46% of the company's stock.

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.