Graham Corporation (NYSE:GHM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Graham Corporation (NYSE:GHM) have received an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $81.6667.

A number of equities analysts recently issued reports on GHM shares. Weiss Ratings lowered Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Zacks Research upgraded Graham from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. Oppenheimer started coverage on Graham in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th.

Graham Price Performance

Shares of GHM stock opened at $95.80 on Thursday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 70.96 and a beta of 1.05. The business has a fifty day moving average of $89.43 and a 200 day moving average of $76.50. Graham has a 1 year low of $35.85 and a 1 year high of $103.53.

Institutional Investors Weigh In On Graham

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Auto Owners Insurance Co grew its position in Graham by 6,323.0% during the 4th quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock worth $4,538,000 after purchasing an additional 695,530 shares during the period. Vanguard Group Inc. grew its position in Graham by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock worth $33,074,000 after purchasing an additional 12,974 shares during the period. Royce & Associates LP grew its position in Graham by 2.7% during the 4th 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 grew its position in Graham by 6.1% during the 2nd 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 during the period. Finally, William Blair Investment Management LLC grew its position in Graham by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 298,020 shares of the industrial products company’s stock worth $19,142,000 after purchasing an additional 24,005 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

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.