Graham (NYSE:GHM) Now Covered by Oppenheimer

Equities research analysts at Oppenheimer started coverage on shares of Graham (NYSE:GHM) in a report issued on Wednesday. The brokerage set an “outperform” rating and a $100.00 price target on the industrial products company’s stock. Oppenheimer’s price objective suggests a potential upside of 22.59% from the company’s previous close.

A number of other research firms have also recently weighed in on GHM. Weiss Ratings cut Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Graham Price Performance

Graham stock opened at $81.57 on Wednesday. The firm has a 50 day simple moving average of $78.54 and a 200-day simple moving average of $65.52. Graham has a 1-year low of $24.78 and a 1-year high of $91.91. The stock has a market cap of $903.00 million, a price-to-earnings ratio of 60.42 and a beta of 0.90.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. Equities analysts expect that Graham will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of institutional investors have recently modified their holdings of GHM. Blue Trust Inc. acquired a new position in Graham during the 3rd quarter worth about $28,000. State of Alaska Department of Revenue purchased a new position in Graham during the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets grew its position in Graham by 62.8% in 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 in the last quarter. Comerica Bank grew its position in Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in Graham during the third quarter worth about $71,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.