Graham (NYSE:GHM) Hits New 1-Year High – Time to Buy?

Graham Corporation (NYSE:GHM) shares reached a new 52-week high on Thursday . The stock traded as high as $121.16 and last traded at $119.7720, with a volume of 23109 shares traded. The stock had previously closed at $115.32.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings raised Graham from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Zacks Research downgraded shares of Graham from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Northland Securities raised their price objective on shares of Graham from $111.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer lifted their target price on shares of Graham to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Graham from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Graham has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Graham Stock Performance

The company has a market capitalization of $1.43 billion, a P/E ratio of 107.96 and a beta of 1.04. The business has a 50-day moving average of $100.82 and a 200-day moving average of $85.18. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 0.68.

Graham (NYSE:GHM) last announced its quarterly earnings data on Monday, June 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Graham had a net margin of 5.10% and a return on equity of 11.94%. The business had revenue of $67.08 million during the quarter, compared to the consensus estimate of $59.95 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Graham Corporation will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GHM. Auto Owners Insurance Co boosted its holdings in Graham by 6,323.0% in the fourth quarter. Auto Owners Insurance Co now owns 706,530 shares of the industrial products company’s stock valued at $4,538,000 after purchasing an additional 695,530 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Graham by 2.2% in the third quarter. Vanguard Group Inc. now owns 602,448 shares of the industrial products company’s stock valued at $33,074,000 after purchasing an additional 12,974 shares during the period. Royce & Associates LP raised its position in Graham by 2.7% in the fourth quarter. Royce & Associates LP now owns 472,207 shares of the industrial products company’s stock valued at $30,330,000 after purchasing an additional 12,509 shares during the period. Wasatch Advisors LP lifted its stake 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 acquiring an additional 18,084 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake 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 in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.