Graham Corporation (NYSE:GHM) Receives Consensus Recommendation of “Hold” from Brokerages

Graham Corporation (NYSE:GHM) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $132.50.

A number of equities analysts recently commented on GHM shares. Northland Securities lifted their price objective on Graham from $111.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Oppenheimer increased their price objective on shares of Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.

More Graham News

Here are the key news stories impacting Graham this week:

• Positive Sentiment: Investor focus is likely being supported by a fresh analysis of Graham Corporation’s first-quarter results versus peers, which can reinforce the view that the company is executing well relative to other engineered components and systems names. Q1 Earnings Highs And Lows: Graham Corporation (NYSE:GHM) Vs The Rest Of The Engineered Components and Systems Stocks
• Positive Sentiment: The company’s latest quarterly earnings beat expectations, with EPS and revenue both coming in above consensus and revenue rising year over year, which continues to support the stock’s strong valuation and momentum profile.
• Neutral Sentiment: Most of the other headlines in the news feed are about unrelated political coverage involving Senator Lindsey Graham and do not appear to have a direct business impact on Graham Corporation.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GHM. Rhumbline Advisers grew its stake in Graham by 40.6% during the second quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 4,257 shares during the period. Quantbot Technologies LP bought a new stake in Graham in the second quarter worth approximately $325,000. Arrowstreet Capital Limited Partnership acquired a new position in Graham in the second quarter valued at approximately $226,000. Invesco Ltd. boosted its holdings in shares of Graham by 1,396.0% during the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock worth $5,738,000 after buying an additional 108,146 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Graham during the 2nd quarter worth approximately $783,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Graham stock opened at $107.76 on Friday. The business has a 50 day moving average of $105.22 and a 200-day moving average of $89.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 0.68. Graham has a 1 year low of $46.08 and a 1 year high of $125.82. The company has a market capitalization of $1.26 billion, a P/E ratio of 95.36 and a beta of 1.01.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $67.08 million during the quarter, compared to analysts’ expectations of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, equities research analysts predict that Graham will post 1.85 earnings per share for the current year.

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.