Graham (NYSE:GHM) Lowered to Hold (C+) Rating by Weiss Ratings

Key Points

• Graham's stock has been downgraded by Weiss Ratings from a "buy" to a "hold" rating, reflecting a cautious outlook on the company's performance.
• Despite the downgrade, Graham's stock opened at $56.40 and showed an increase of 1.5%, with a consistent target price consensus of $60.00 from analysts.
• Recent reports indicate a varied analyst sentiment, with holdings by institutional investors such as the New York State Teachers Retirement System increasing its stake by 839% during the first quarter.

Graham (NYSE:GHM - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report released on Wednesday,Weiss Ratings reports.

GHM has been the subject of several other reports. Zacks Research lowered shares of Graham from a "strong-buy" rating to a "hold" rating in a research report on Monday. Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 price target for the company in a research report on Wednesday, July 2nd. Northland Capmk raised shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Finally, Northland Securities initiated coverage on shares of Graham in a research report on Monday, June 23rd. They set an "outperform" rating and a $55.00 price target for the company. 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's stock. According to MarketBeat, Graham has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Graham Stock Up 1.5%

Graham stock opened at $56.40 on Wednesday. Graham has a 52-week low of $24.78 and a 52-week high of $58.78. The company has a market cap of $619.05 million, a price-to-earnings ratio of 44.76 and a beta of 0.96. The firm's fifty day moving average is $51.23 and its 200 day moving average is $43.96.

Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. The business had revenue of $55.49 million for 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. On average, equities research analysts anticipate that Graham will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System increased its stake 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 worth $27,000 after purchasing an additional 839 shares during the period. BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 410 shares during the period. First Horizon Advisors Inc. increased its stake in Graham by 130.5% during the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company's stock worth $58,000 after purchasing an additional 667 shares during the period. Itau Unibanco Holding S.A. increased its stake in Graham by 171.2% during the second quarter. Itau Unibanco Holding S.A. now owns 1,242 shares of the industrial products company's stock worth $61,000 after purchasing an additional 784 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in 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 purchasing an additional 310 shares during the period. Hedge funds and other 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.

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