Oppenheimer Initiates Coverage on Graham (NYSE:GHM)

Equities research analysts at Oppenheimer assumed coverage on shares of Graham (NYSE:GHM) in a research report issued on Wednesday, MarketBeat reports. The brokerage set an “outperform” rating and a $100.00 price target on the industrial products company’s stock. Oppenheimer’s target price suggests a potential upside of 20.50% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Graham Stock Up 2.9%

GHM stock opened at $82.99 on Wednesday. The business’s 50-day moving average price is $79.10 and its 200-day moving average price is $65.75. The stock has a market cap of $918.92 million, a P/E ratio of 61.47 and a beta of 0.90. Graham has a twelve month low of $24.78 and a twelve month high of $91.91.

Graham (NYSE:GHM) last released its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $52.36 million. On average, equities research analysts expect that Graham will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHM. Blue Trust Inc. bought a new stake in shares of Graham during the third quarter valued at approximately $28,000. State of Alaska Department of Revenue bought a new position in shares of Graham during the third quarter worth $33,000. BNP Paribas Financial Markets grew its stake in Graham by 62.8% during the second 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 in the last quarter. Comerica Bank grew its stake in Graham by 396.2% during the third quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in Graham in the 3rd quarter valued at $71,000. 69.46% of the stock is currently owned by institutional investors.

Graham Company Profile

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.