Northland Securities Has Negative View of Graham Q3 Earnings

Graham Corporation (NYSE:GHM) – Equities researchers at Northland Securities dropped their Q3 2027 EPS estimates for Graham in a note issued to investors on Tuesday, June 9th. Northland Securities analyst B. Brooks now expects that the industrial products company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.57. The consensus estimate for Graham’s current full-year earnings is $2.10 per share. Northland Securities also issued estimates for Graham’s Q4 2027 earnings at $0.51 EPS and FY2027 earnings at $1.75 EPS.

Graham (NYSE:GHM) last posted its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business 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 was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share.

GHM has been the topic of several other reports. Oppenheimer increased their price objective on shares of Graham from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings upgraded shares of Graham from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.33.

Graham Stock Performance

GHM opened at $96.22 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 85.15 and a beta of 1.04. Graham has a 52-week low of $45.00 and a 52-week high of $110.01. The firm’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $80.73.

Institutional Investors Weigh In On Graham

A number of hedge funds have recently modified their holdings of the company. Auto Owners Insurance Co boosted its stake in Graham by 6,323.0% during the fourth 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 period. William Blair Investment Management LLC purchased a new position in Graham during the third quarter worth about $15,043,000. Royal Bank of Canada boosted its stake in Graham by 7,833.6% during the fourth quarter. Royal Bank of Canada now owns 245,625 shares of the industrial products company’s stock worth $15,777,000 after buying an additional 242,529 shares during the period. Agman Capital LLC purchased a new position in Graham during the fourth quarter worth about $14,079,000. Finally, Alyeska Investment Group L.P. purchased a new position in Graham during the third quarter worth about $10,356,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Graham News Roundup

Here are the key news stories impacting Graham this week:

• Positive Sentiment: Graham’s Q4 2026 earnings call highlighted record revenue, a record backlog of $532.6 million, and growth supported by defense demand, which suggests a strong pipeline into fiscal 2027. Graham Corp (GHM) Q4 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Initiatives
• Positive Sentiment: Several writeups on the earnings call emphasized a backlog-led growth story, with capacity upgrades and the FlackTek integration seen as drivers for a revenue and EBITDA inflection in fiscal 2027. Graham Q4 Earnings Call Points to Backlog-Led Growth
• Positive Sentiment: Northland Securities and Noble Financial both published new models that generally point to higher earnings over time, including FY2027 and FY2028 estimates above prior levels in some cases, signaling confidence in the company’s longer-term earnings power.
• Neutral Sentiment: Graham’s earnings call transcript and valuation-focused coverage are prompting investors to reassess whether the stock already reflects the company’s strong sales growth, backlog, and defense exposure. Graham Corporation (GHM) Q4 2026 Earnings Call Transcript
• Neutral Sentiment: One Yahoo Finance piece framed the debate as a record-revenue growth story versus softer profitability guidance, indicating the market is focused on whether margins can expand enough to justify the current valuation. Graham (GHM) Valuation Check After Record Revenue, Defense Strength And Softer Profitability Guidance
• Neutral Sentiment: Analyst estimate updates from Northland and Noble were mostly incremental and did not represent a major surprise, but they reinforce the market’s focus on future quarterly earnings momentum rather than near-term execution alone.
• Negative Sentiment: Despite strong sales, investors appear concerned about softer profitability guidance and margin pressure, which can limit enthusiasm even when revenue and backlog are improving.
• Negative Sentiment: Another commentary piece questioned whether record 2026 sales are enough if margins remain weaker, suggesting some market participants may be taking profits after the recent run-up. Should Graham’s (GHM) Record 2026 Sales and Softer Margins Shift Investors’ Focus to Profitability?
• Negative Sentiment: A separate bearish article argued Graham’s future is positive but not strong enough to avoid selling, reflecting skepticism that the company’s growth will translate quickly into stronger earnings. Graham Corporation’s Future Is Bright, But Not Bright Enough To Avoid Selling

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.