Graham (NYSE:GHM) Hits New 1-Year High – Time to Buy?

Graham Corporation (NYSE:GHM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $72.99 and last traded at $72.40, with a volume of 42286 shares traded. The stock had previously closed at $66.38.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Graham in a report on Monday, December 29th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Noble Financial lowered shares of Graham from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Graham currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Graham Trading Up 7.6%

The company’s 50-day simple moving average is $61.31 and its 200-day simple moving average is $55.59. The stock has a market capitalization of $784.63 million, a price-to-earnings ratio of 57.58 and a beta of 0.93.

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

Institutional Investors Weigh In On Graham

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in Graham in the third quarter valued at approximately $28,000. State of Alaska Department of Revenue bought a new stake in shares of Graham in the 3rd quarter valued at $33,000. BNP Paribas Financial Markets lifted its position 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 valued at $53,000 after acquiring an additional 410 shares during the period. First Horizon Advisors Inc. boosted its stake in Graham by 130.5% during the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 667 shares in the last quarter. Finally, Comerica Bank boosted its stake in 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 acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Company Profile

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.