Graham (NYSE:GHM) Rating Lowered to “Market Perform” at Northland Securities

Graham (NYSE:GHM) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, MarketBeat reports. They presently have a $80.00 target price on the industrial products company’s stock. Northland Securities’ price target points to a potential upside of 15.35% from the stock’s previous close.

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

Graham Stock Down 1.7%

GHM stock opened at $69.35 on Tuesday. Graham has a 52 week low of $24.78 and a 52 week high of $79.13. The business has a 50-day simple moving average of $65.55 and a 200 day simple moving average of $58.29. The company has a market cap of $762.19 million, a PE ratio of 55.93 and a beta of 0.93.

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

Institutional Trading of Graham

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. bought a new position in Graham in the 3rd quarter valued at approximately $28,000. State of Alaska Department of Revenue acquired a new position in Graham in the 3rd quarter valued at approximately $33,000. BNP Paribas Financial Markets increased its position in Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 410 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Graham by 130.5% during the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 667 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 840 shares during the period. 69.46% of the stock is 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.