Graham (NYSE:GHM) Stock Price Expected to Rise, Northland Securities Analyst Says

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

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

Graham Trading Up 0.8%

Shares of NYSE:GHM traded up $0.92 during mid-day trading on Tuesday, reaching $108.83. 56,257 shares of the company’s stock were exchanged, compared to its average volume of 164,587. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 96.33 and a beta of 1.04. Graham has a twelve month low of $46.08 and a twelve month high of $119.04. The business’s fifty day moving average price is $98.83 and its 200-day moving average price is $83.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.68 and a current ratio of 1.00.

Graham (NYSE:GHM) last released its quarterly earnings results on Monday, June 8th. The industrial products company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $67.08 million for the quarter, compared to analyst estimates of $59.95 million. Graham had a return on equity of 11.94% and a net margin of 5.10%.The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, research analysts predict that Graham will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GHM. Auto Owners Insurance Co raised its stake in shares of Graham by 6,323.0% in the fourth 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 during the period. Vanguard Group Inc. lifted its holdings in Graham by 2.2% during the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after purchasing an additional 12,974 shares during the last quarter. Royce & Associates LP boosted its position in Graham by 2.7% during the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock worth $30,330,000 after purchasing an additional 12,509 shares during the period. Wasatch Advisors LP increased its stake in shares of Graham by 6.1% in the second quarter. Wasatch Advisors LP now owns 316,203 shares of the industrial products company’s stock worth $15,655,000 after purchasing an additional 18,084 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Graham by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock valued at $19,142,000 after purchasing an additional 24,005 shares during the period. 69.46% of the stock is 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.