Graham (NYSE:GHM) Given New $135.00 Price Target at Northland Securities

Graham (NYSE:GHM) had its target price upped by analysts at Northland Securities from $111.00 to $135.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Northland Securities’ target price would suggest a potential upside of 24.05% from the stock’s current price.

A number of other equities research analysts also recently weighed in on GHM. Weiss Ratings raised shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen lowered shares of Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Oppenheimer increased their target price on shares of Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Graham presently has an average rating of “Moderate Buy” and a consensus target price of $103.33.

Graham Price Performance

GHM stock traded up $0.92 during mid-day trading on Tuesday, reaching $108.83. 56,257 shares of the company traded hands, compared to its average volume of 164,587. The company has a fifty day moving average price of $98.83 and a 200-day moving average price of $83.71. Graham has a 52-week low of $46.08 and a 52-week high of $119.04. The company has a market capitalization of $1.27 billion, a P/E ratio of 96.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 0.68.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $67.08 million for the quarter, compared to the consensus estimate of $59.95 million. Graham had a net margin of 5.10% and a return on equity of 11.94%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, analysts anticipate that Graham will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Graham

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in Graham by 40.6% in the 2nd quarter. Rhumbline Advisers now owns 14,755 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 4,257 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Graham in the second quarter worth about $325,000. Arrowstreet Capital Limited Partnership purchased a new position in Graham during the 2nd quarter valued at about $226,000. Invesco Ltd. raised its position in Graham by 1,396.0% during the 2nd quarter. Invesco Ltd. now owns 115,893 shares of the industrial products company’s stock valued at $5,738,000 after purchasing an additional 108,146 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Graham during the 2nd quarter valued at approximately $783,000. 69.46% of the stock is currently owned by 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.