Graham (NYSE:GHM) Downgraded by Northland Securities to Market Perform

Graham (NYSE:GHM) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a report issued on Tuesday,Finviz reports. They presently have a $80.00 price target on the industrial products company’s stock. Northland Securities’ price objective indicates a potential upside of 5.34% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Noble Financial cut Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Zacks Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.50.

Graham Price Performance

Shares of GHM opened at $75.95 on Tuesday. The company has a market capitalization of $834.64 million, a P/E ratio of 61.25 and a beta of 0.93. Graham has a one year low of $24.78 and a one year high of $79.13. The business’s 50 day simple moving average is $64.98 and its 200-day simple moving average is $58.08.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, November 7th. The industrial products company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $66.03 million for the quarter, compared to analyst estimates of $57.55 million. Graham had a net margin of 6.00% and a return on equity of 12.44%. On average, sell-side analysts anticipate that Graham will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in Graham by 385.1% in the fourth quarter. State of Alaska Department of Revenue now owns 2,925 shares of the industrial products company’s stock valued at $187,000 after buying an additional 2,322 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Graham by 16.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 134,480 shares of the industrial products company’s stock worth $8,638,000 after purchasing an additional 18,634 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Graham by 158.5% during the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 3,973 shares during the period. Diversified Trust Co. acquired a new stake in shares of Graham during the fourth quarter worth $253,000. Finally, JPMorgan Chase & Co. increased its holdings in Graham by 383.1% in the third quarter. JPMorgan Chase & Co. now owns 24,289 shares of the industrial products company’s stock valued at $1,333,000 after purchasing an additional 19,261 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.