Graham Corporation (NYSE:GHM) Stock Has Consensus Target Price of $123.33 According to Analysts

Graham Corporation (NYSE:GHM) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $123.33.

A number of analysts recently commented on GHM shares. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Graham from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Oppenheimer lowered their target price on shares of Graham from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Graham in a research report on Friday, October 2nd. They set an “overweight” rating and a $120.00 target price on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Graham during the second quarter worth about $110,235,000. Auto Owners Insurance Co lifted 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 worth $4,538,000 after buying an additional 695,530 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Graham in the 2nd quarter worth approximately $45,159,000. De Lisle Partners LLP purchased a new stake in Graham in the second quarter worth approximately $11,141,000. Finally, Wasatch Advisors LP boosted its stake in Graham by 0.8% in the second quarter. Wasatch Advisors LP now owns 85,103 shares of the industrial products company’s stock worth $10,535,000 after buying an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham Stock Performance

GHM opened at $66.20 on Friday. The firm has a market cap of $776.95 million, a P/E ratio of 63.65 and a beta of 1.08. Graham has a 52-week low of $52.57 and a 52-week high of $125.82. The business’s fifty day moving average is $85.73 and its 200-day moving average is $96.61.

Graham (NYSE:GHM) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Graham had a return on equity of 11.09% and a net margin of 4.53%. The company had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $65.60 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Graham’s revenue was up 28.6% on a year-over-year basis. On average, research analysts predict that Graham will post 1.87 earnings per share for the current fiscal year.

About Graham

Graham Corporation (NYSE: GHM) is a U.S.-based designer and manufacturer of engineered equipment and systems for the defense, space, and commercial markets. The company develops thermal-management, fluid-handling, vacuum, and power-generation technologies used in demanding industrial and government applications.

Graham supplies equipment for naval vessels, including surface ships and submarines, as well as systems supporting aerospace and space programs. Its products and capabilities include condensers, heat exchangers, vacuum equipment, steam and gas ejectors, cryogenic systems, and integrated propulsion and power solutions.