Graham (NYSE:GHM) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research has downgraded Graham's stock rating from "strong-buy" to "hold," indicating a more cautious outlook for investors.
• Graham recently reported quarterly earnings of $0.45 per share, significantly exceeding analysts' expectations of $0.25, showcasing strong performance despite a slight revenue miss.
• As of now, the stock has a consensus rating of "Buy" with an average price target of $60.00, despite a recent drop in share price by 3.4%.

Graham (NYSE:GHM - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Maxim Group upgraded shares of Graham to a "buy" rating and set a $65.00 price target on the stock in a research note on Wednesday, July 2nd. Northland Capmk raised shares of Graham to a "strong-buy" rating in a research note on Monday, June 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Graham in a research note on Saturday, September 27th. Finally, Northland Securities initiated coverage on shares of Graham in a research note on Monday, June 23rd. They issued an "outperform" rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $60.00.

Graham Trading Down 3.4%

Shares of GHM stock opened at $55.79 on Monday. Graham has a 12 month low of $24.78 and a 12 month high of $58.78. The company has a market cap of $612.53 million, a P/E ratio of 44.27 and a beta of 0.96. The firm has a fifty day moving average price of $51.23 and a 200 day moving average price of $43.87.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Graham by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 665,865 shares of the industrial products company's stock valued at $19,190,000 after buying an additional 11,874 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Graham by 6.1% in the 2nd quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company's stock valued at $15,655,000 after buying an additional 18,084 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Graham by 1.8% in 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 buying an additional 4,850 shares during the period. American Century Companies Inc. boosted its holdings in shares of Graham by 19.5% in the 2nd quarter. American Century Companies Inc. now owns 265,443 shares of the industrial products company's stock valued at $13,142,000 after buying an additional 43,256 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Graham by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 240,407 shares of the industrial products company's stock valued at $11,905,000 after buying an additional 4,342 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

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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