Graham (NYSE:GHM) Sets New 1-Year High – Should You Buy?

Graham Corporation (NYSE:GHM)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $101.72 and last traded at $98.8150, with a volume of 9033 shares. The stock had previously closed at $99.12.

Analysts Set New Price Targets

A number of analysts have issued reports on GHM shares. 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. Northland Securities raised 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, Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Graham Trading Up 1.6%

The firm has a market cap of $1.18 billion, a PE ratio of 74.26 and a beta of 1.05. The firm has a 50 day moving average price of $87.95 and a 200-day moving average price of $74.97.

Institutional Investors Weigh In On Graham

A number of large investors have recently modified their holdings of GHM. Calamos Advisors LLC lifted its position in shares of Graham by 4.1% during the 1st quarter. Calamos Advisors LLC now owns 24,660 shares of the industrial products company’s stock worth $1,946,000 after purchasing an additional 979 shares during the last quarter. Fifth Third Bancorp purchased a new position in Graham in the first quarter valued at $69,000. Hsbc Holdings PLC acquired a new stake in Graham in the first quarter valued at $815,000. Moran Wealth Management LLC purchased a new stake in Graham during the 1st quarter worth about $215,000. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of Graham during the 1st quarter worth about $1,684,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.