Graham Corporation (GHM, Financial) has announced that its fully owned subsidiary, Barber-Nichols, has received a substantial $136.5 million follow-on contract. This contract is to provide support for the U.S. Navy's Virginia Class Submarine program. The project timeline spans from April and continues through to February 2034.
During the fourth quarter of the fiscal year, which concluded on March 31, Graham incorporated approximately $50 million from this contract into its backlog to purchase long-lead time materials. This agreement offers Graham a platform to demonstrate its cutting-edge engineering and manufacturing prowess.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Graham Corp (GHM, Financial) is $52.67 with a high estimate of $55.00 and a low estimate of $51.00. The average target implies an upside of 43.15% from the current price of $36.79. More detailed estimate data can be found on the Graham Corp (GHM) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Graham Corp's (GHM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Graham Corp (GHM, Financial) in one year is $20.71, suggesting a downside of 43.71% from the current price of $36.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Graham Corp (GHM) Summary page.
