Graham (NYSE:GHM) Sees Strong Trading Volume – What’s Next?

Graham Corporation (NYSE:GHM) saw an uptick in trading volume on Monday . 137,744 shares traded hands during trading, an increase of 13% from the previous session’s volume of 121,958 shares.The stock last traded at $95.04 and had previously closed at $94.80.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, February 20th. Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Zacks Research upgraded Graham from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Finally, Oppenheimer began coverage on Graham in a report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Graham has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Graham Price Performance

The company has a market cap of $1.13 billion, a PE ratio of 71.65 and a beta of 1.05. The company has a 50-day moving average price of $86.61 and a two-hundred day moving average price of $73.90.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. Graham had a net margin of 6.28% and a return on equity of 13.26%. The firm had revenue of $56.70 million for the quarter, compared to the consensus estimate of $52.36 million. On average, equities research analysts anticipate that Graham Corporation will post 1.37 earnings per share for the current year.

Hedge Funds Weigh In On Graham

Several institutional investors and hedge funds have recently made changes to their positions in the business. Auto Owners Insurance Co boosted its stake in Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after acquiring an additional 695,530 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Graham by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after purchasing an additional 12,974 shares in the last quarter. Royce & Associates LP lifted its position in shares of Graham by 2.7% during the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after purchasing an additional 12,509 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Graham by 6.1% during the second quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after purchasing an additional 18,084 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Graham by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock worth $19,142,000 after purchasing an additional 24,005 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.