Graham (NYSE:GHM) Hits New 12-Month High - Here's Why

Key Points

• Graham Corporation reached a new 52-week high of $59.57, up from a previous close of $57.83, with a trading volume of 43,177 shares.
• Analysts have varied ratings on GHM, with Weiss Ratings downgrading it to a "hold" and Maxim Group upgrading it to a "buy," while the average price target remains around $60.00.
• The company reported an EPS of $0.45 for Q2, exceeding estimates, and has set its FY 2026 guidance at 1.07 EPS for the current year.

Graham Corporation (NYSE:GHM - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $59.36 and last traded at $59.57, with a volume of 43177 shares changing hands. The stock had previously closed at $57.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GHM shares. Weiss Ratings downgraded Graham from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Zacks Research cut shares of Graham from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Northland Securities assumed coverage on shares of Graham in a research report on Monday, June 23rd. They set an "outperform" rating and a $55.00 target price for the company. Maxim Group upgraded shares of Graham to a "buy" rating and set a $65.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Northland Capmk upgraded shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Graham presently has an average rating of "Moderate Buy" and an average price target of $60.00.

Graham Trading Up 6.1%

The company has a market capitalization of $673.51 million, a price-to-earnings ratio of 48.64 and a beta of 0.96. The stock's 50 day moving average price is $51.25 and its 200 day moving average price is $44.68.

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

Institutional Investors Weigh In On Graham

Hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its position in Graham by 1.8% during the first quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company's stock worth $8,107,000 after acquiring an additional 4,850 shares during the last quarter. New York State Teachers Retirement System raised its position in Graham by 839.0% during the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. GAMMA Investing LLC raised its position in Graham by 12,800.0% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $156,000 after purchasing an additional 5,376 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Graham by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 27,647 shares of the industrial products company's stock worth $797,000 after buying an additional 696 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Graham by 47.5% during the first quarter. Wellington Management Group LLP now owns 54,960 shares of the industrial products company's stock worth $1,584,000 after buying an additional 17,693 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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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