Graham Corporation (NYSE:GHM) Receives $81.67 Consensus Target Price from Brokerages

Graham Corporation (NYSE:GHM) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $81.6667.

Several analysts recently weighed in on GHM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Graham in a research report on Wednesday, May 20th. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Zacks Research upgraded Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Finally, Oppenheimer began coverage on Graham in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 target price on the stock.

Graham Trading Down 0.2%

GHM stock opened at $99.85 on Thursday. Graham has a 12-month low of $38.47 and a 12-month high of $103.53. The stock’s 50 day simple moving average is $90.79 and its 200 day simple moving average is $77.69. The firm has a market cap of $1.17 billion, a P/E ratio of 73.96 and a beta of 1.05.

Hedge Funds Weigh In On Graham

A number of institutional investors and hedge funds have recently bought and sold shares of GHM. Auto Owners Insurance Co grew its position in Graham by 6,323.0% in 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 buying an additional 695,530 shares in the last quarter. William Blair Investment Management LLC bought a new position in Graham in the 3rd quarter valued at about $15,043,000. Royal Bank of Canada grew its position in Graham by 7,833.6% in the 4th quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock valued at $15,777,000 after buying an additional 242,529 shares in the last quarter. Agman Capital LLC acquired a new stake in Graham in the fourth quarter worth approximately $14,079,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Graham in the third quarter worth approximately $10,356,000. Institutional investors own 69.46% of the company’s stock.

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.