Graham (NYSE:GHM) Sets New 52-Week High - Time to Buy?

Key Points

• Graham Corporation (NYSE:GHM) reached a new 52-week high of $58.61 during trading, with the last recorded price at $57.62.
• Several analysts have upgraded Graham's stock, with a consensus rating of "Buy" and an average price target of $60.00.
• The company reported a quarterly EPS of $0.45, exceeding analyst estimates of $0.25, demonstrating strong performance in revenue generation.

Graham Corporation (NYSE:GHM - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.61 and last traded at $57.62, with a volume of 10934 shares changing hands. The stock had previously closed at $57.42.

Analyst Upgrades and Downgrades

GHM has been the subject of several research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Graham in a report on Saturday, September 27th. Northland Securities began coverage on shares of Graham in a research report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price target for the company. Northland Capmk upgraded shares of Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Finally, Maxim Group upgraded 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. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $60.00.

Graham Price Performance

The company has a 50 day moving average price of $51.15 and a 200 day moving average price of $43.27. The firm has a market cap of $617.51 million, a PE ratio of 44.72 and a beta of 0.96.

Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.20. The company 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. On average, equities analysts anticipate that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Graham

Large investors have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its stake in shares of 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 worth $8,107,000 after buying an additional 4,850 shares in the last quarter. New York State Teachers Retirement System raised its position in Graham by 839.0% in the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC raised its position in Graham by 12,800.0% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $156,000 after acquiring an additional 5,376 shares in the last quarter. Bank of New York Mellon Corp raised its position in Graham by 2.6% in 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 acquiring an additional 696 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Graham in the fourth quarter worth $279,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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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