Brokerages Set Graham Corporation (NYSE:GHM) Price Target at $60.00

Shares of Graham Corporation (NYSE:GHM) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $60.00.

Several equities analysts recently weighed in on GHM shares. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Finally, Noble Financial cut shares of Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st.

Graham Stock Performance

NYSE:GHM opened at $74.40 on Friday. Graham has a 52-week low of $24.78 and a 52-week high of $75.36. The company has a market cap of $817.61 million, a P/E ratio of 60.00 and a beta of 0.93. The stock’s 50-day simple moving average is $63.13 and its 200 day simple moving average is $57.16.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $66.03 million during the quarter, compared to the consensus estimate of $57.55 million. Graham had a net margin of 6.00% and a return on equity of 12.44%. As a group, equities analysts predict that Graham will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Graham

Several institutional investors and hedge funds have recently bought and sold shares of GHM. Strs Ohio bought a new position in shares of Graham during the 1st quarter worth approximately $467,000. Exchange Traded Concepts LLC raised its stake in Graham by 35.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 83,056 shares of the industrial products company’s stock valued at $4,112,000 after acquiring an additional 21,649 shares during the period. Annex Advisory Services LLC lifted its holdings in Graham by 10.5% during the 2nd quarter. Annex Advisory Services LLC now owns 40,761 shares of the industrial products company’s stock valued at $2,018,000 after purchasing an additional 3,858 shares during the last quarter. Inspire Investing LLC acquired a new stake in Graham during the 2nd quarter valued at $912,000. Finally, Auto Owners Insurance Co boosted its position in Graham by 4.8% during the second quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 500 shares during the period. Institutional investors own 69.46% of the company’s stock.

About Graham

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.