Graham Corporation (NYSE:GHM) Stock Has Average Target Price of $132.50

Graham Corporation (NYSE:GHM) has been given an average rating of “Hold” by the five analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $132.50.

A number of equities analysts have commented on the company. Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Northland Securities upped their target price on Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Oppenheimer raised their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Zacks Research downgraded Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th.

Hedge Funds Weigh In On Graham

Several hedge funds have recently bought and sold shares of GHM. BlackRock Inc. acquired a new position in Graham during the second quarter valued at approximately $110,235,000. Auto Owners Insurance Co lifted its stake in Graham by 6,323.0% during the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after purchasing an additional 695,530 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Graham in the 2nd quarter valued at $45,159,000. Agman Capital LLC acquired a new stake in shares of Graham in the 4th quarter valued at $14,079,000. Finally, De Lisle Partners LLP bought a new position in shares of Graham in the 2nd quarter valued at $11,141,000. 69.46% of the stock is owned by institutional investors.

Graham Stock Down 0.2%

Shares of NYSE:GHM opened at $87.34 on Wednesday. The company’s 50 day moving average price is $96.11 and its two-hundred day moving average price is $97.05. Graham has a 12-month low of $51.36 and a 12-month high of $125.82. The firm has a market cap of $1.03 billion, a PE ratio of 83.98 and a beta of 1.05.

Graham (NYSE:GHM) last released its quarterly earnings results 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. The company had revenue of $71.34 million during the quarter, compared to the consensus estimate of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, research analysts expect that Graham will post 1.87 EPS for the current year.

Graham Company Profile

Graham Corporation (NYSE: GHM) designs and manufactures engineered vacuum and heat-transfer equipment for industrial, defense and aerospace applications. Its products include ejectors, vacuum systems, surface condensers, heat exchangers, feedwater heaters and other specialized thermal-management equipment.

The company serves customers in the U.S. Navy and other defense markets, as well as power generation, chemical processing, refining and related industries. Graham’s equipment is used in applications that require steam, heat transfer, condensation or controlled vacuum conditions, including marine propulsion and industrial process systems.

Founded in 1936 and headquartered in Batavia, New York, Graham has historically supplied equipment to customers in the United States and international markets.