Graham (NYSE:GHM) Sets New 52-Week High - Here's Why

Key Points

• Graham (NYSE:GHM) hit a new 52-week high, trading as high as $99.65 and last at $97.49 on volume of about 19,239 shares, roughly a 4% uptick from the prior close.
• Analyst sentiment has turned more positive—Zacks upgraded to a "strong-buy," Oppenheimer initiated coverage with an "outperform" and $100 target, and Northland upgraded to "outperform"—leaving a MarketBeat consensus of "Moderate Buy" with a $81.67 target.
• Graham posted a quarter-beating EPS of $0.31 (vs. $0.17 est.) and revenue of $56.7M (vs. $52.36M est.), has a $1.14B market cap and ~69% institutional ownership, but trades at a high P/E of 72.3.

Graham Corporation (NYSE:GHM - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $99.65 and last traded at $97.49, with a volume of 19239 shares trading hands. The stock had previously closed at $93.68.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GHM shares. Zacks Research upgraded shares of Graham from a "hold" rating to a "strong-buy" rating in a report on Friday, April 10th. Weiss Ratings lowered Graham from a "buy (b-)" rating to a "hold (c)" rating in a research note on Friday, February 20th. Oppenheimer assumed coverage on Graham in a report on Wednesday, March 18th. They set an "outperform" rating and a $100.00 target price on the stock. Finally, Northland Securities upgraded Graham from a "market perform" rating to an "outperform" rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.67.

Graham Stock Up 4.0%

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 72.30 and a beta of 1.05. The business's 50-day simple moving average is $85.90 and its two-hundred day simple moving average is $73.41.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. Graham had a return on equity of 13.26% and a net margin of 6.28%.The business had revenue of $56.70 million during the quarter, compared to the consensus estimate of $52.36 million. Sell-side analysts anticipate that Graham Corporation will post 1.37 earnings per share for the current year.

Hedge Funds Weigh In On Graham

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calamos Advisors LLC lifted its holdings in Graham by 4.1% in the first quarter. Calamos Advisors LLC now owns 24,660 shares of the industrial products company's stock worth $1,946,000 after acquiring an additional 979 shares during the last quarter. Fifth Third Bancorp bought a new stake in Graham during the first quarter worth approximately $69,000. Hsbc Holdings PLC acquired a new position in shares of Graham in the 1st quarter worth $815,000. Moran Wealth Management LLC acquired a new stake in Graham during the 1st quarter worth about $215,000. Finally, Conestoga Capital Advisors LLC purchased a new stake in Graham during the first quarter valued at about $1,684,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Company Profile

Graham Corporation NYSE: GHM is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company's technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.

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