Graham (NYSE:GHM) Sees Unusually-High Trading Volume – Here’s Why

Graham Corporation (NYSE:GHM) saw an uptick in trading volume on Monday . 154,411 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 124,723 shares.The stock last traded at $94.7650 and had previously closed at $98.19.

Analysts Set New Price Targets

Several research firms recently commented on GHM. Zacks Research upgraded shares of Graham from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Oppenheimer initiated coverage on shares of Graham in a report on Wednesday, March 18th. They set an “outperform” rating and a $100.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Graham has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Graham Stock Performance

The firm has a fifty day moving average of $86.92 and a 200 day moving average of $74.17. The firm has a market capitalization of $1.15 billion, a PE ratio of 72.98 and a beta of 1.05.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.14. Graham had a net margin of 6.28% and a return on equity of 13.26%. The company had revenue of $56.70 million during the quarter, compared to the consensus estimate of $52.36 million. Research analysts forecast that Graham Corporation will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of Graham

Several large investors have recently modified their holdings of the business. AdvisorShares Investments LLC grew its stake in shares of Graham by 7.9% during the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 238 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Graham by 1.5% during the third quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 319 shares in the last quarter. Diversified Trust Co grew its position in shares of Graham by 8.3% during the first quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company’s stock worth $337,000 after buying an additional 326 shares in the last quarter. Barclays PLC grew its position in shares of Graham by 2.2% during the fourth quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 350 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Graham by 6.4% during the fourth quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock worth $377,000 after buying an additional 355 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.