Graham (NYSE:GHM) Hits New 1-Year High – What’s Next?

Graham Corporation (NYSE:GHM) shares hit a new 52-week high on Friday . The company traded as high as $58.61 and last traded at $57.62, with a volume of 10934 shares. The stock had previously closed at $57.42.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GHM shares. Northland Securities started coverage on shares of Graham in a report on Monday, June 23rd. They set an “outperform” rating and a $55.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Graham in a report on Saturday, September 27th. Northland Capmk upgraded shares of Graham to a “strong-buy” rating in a report on Monday, June 23rd. Finally, Maxim Group upgraded shares of Graham to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $60.00.

Graham Stock Down 2.1%

The company’s fifty day moving average is $51.18 and its 200-day moving average is $43.52. The company has a market cap of $617.21 million, a PE ratio of 44.61 and a beta of 0.96.

Graham (NYSE:GHM) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. Graham had a net margin of 6.43% and a return on equity of 12.83%. The company had revenue of $55.49 million for the quarter, compared to analysts’ expectations of $55.53 million. Graham has set its FY 2026 guidance at EPS. Equities research analysts expect that Graham Corporation will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in Graham by 895.2% in the second quarter. Osaic Holdings Inc. now owns 4,727 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 4,252 shares during the last quarter. State of Wyoming purchased a new position in shares of Graham during the 2nd quarter worth $287,000. Wasatch Advisors LP boosted its stake in shares of Graham by 6.1% during the 2nd quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after acquiring an additional 18,084 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Graham by 62.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 410 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Graham by 17.2% during the 2nd quarter. Raymond James Financial Inc. now owns 21,289 shares of the industrial products company’s stock worth $1,054,000 after acquiring an additional 3,129 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.