Graham (NYSE:GHM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Graham (NYSE:GHM) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other analysts have also issued reports on GHM. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Oppenheimer raised their price objective on shares of Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Weiss Ratings downgraded shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Northland Securities upped their price objective on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $132.50.

Graham Stock Performance

GHM stock opened at $108.69 on Friday. The firm’s 50 day moving average price is $107.58 and its 200-day moving average price is $93.97. The firm has a market cap of $1.28 billion, a PE ratio of 104.51 and a beta of 1.04. Graham has a one year low of $46.58 and a one year high of $125.82.

Graham (NYSE:GHM) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%.The business had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $65.60 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 28.6% on a year-over-year basis. Equities research analysts predict that Graham will post 1.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Graham in the second quarter valued at $52,000. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 410 shares during the period. Comerica Bank boosted its stake in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after buying an additional 840 shares during the period. Fifth Third Bancorp purchased a new position in shares of Graham during the first quarter worth about $69,000. Finally, Covestor Ltd grew its holdings in shares of Graham by 4,697.4% during the fourth quarter. Covestor Ltd now owns 1,871 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,832 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.