Graham (NYSE:GHM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Graham (NYSE:GHM – Get Rating) in a research report sent to investors on Monday. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other equities research analysts also recently commented on GHM. Maxim Group decreased their target price on Graham from $17.00 to $15.00 and set a buy rating for the company in a report on Tuesday, February 8th. Zacks Investment Research cut shares of Graham from a hold rating to a strong sell rating in a research note on Friday, February 11th. Colliers Securities cut shares of Graham from a buy rating to a neutral rating in a research note on Tuesday, February 8th. Finally, TheStreet lowered Graham from a c- rating to a d+ rating in a research report on Friday, February 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Graham has a consensus rating of Hold and an average price target of $14.18.

NYSE GHM opened at $7.50 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $79.79 million, a P/E ratio of -11.19, a P/E/G ratio of 6.23 and a beta of 0.80. Graham has a one year low of $7.12 and a one year high of $15.55. The firm’s 50 day moving average price is $8.33.

Graham (NYSE:GHM – Get Rating) last issued its earnings results on Monday, February 7th. The industrial products company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.51). Graham had a negative return on equity of 5.95% and a negative net margin of 6.40%. The company had revenue of $28.77 million for the quarter, compared to analysts’ expectations of $38.00 million. During the same period last year, the business posted $0.11 earnings per share. On average, equities analysts expect that Graham will post -0.64 EPS for the current fiscal year.

In related news, CEO Daniel J. Thoren purchased 12,500 shares of Graham stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average cost of $7.90 per share, with a total value of $98,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lisa M. Schnorr acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was bought at an average price of $9.10 per share, for a total transaction of $45,500.00. The disclosure for this purchase can be found here. 7.54% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in shares of Graham by 20.4% during the second quarter. Royal Bank of Canada now owns 17,053 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 2,886 shares in the last quarter. American Capital Management Inc. increased its stake in Graham by 9.1% during the 4th quarter. American Capital Management Inc. now owns 30,350 shares of the industrial products company’s stock worth $378,000 after buying an additional 2,520 shares during the period. US Bancorp DE lifted its holdings in Graham by 9,940.2% during the 3rd quarter. US Bancorp DE now owns 35,241 shares of the industrial products company’s stock worth $437,000 after buying an additional 34,890 shares in the last quarter. Moors & Cabot Inc. boosted its position in Graham by 8.1% in the 3rd quarter. Moors & Cabot Inc. now owns 40,009 shares of the industrial products company’s stock valued at $494,000 after buying an additional 3,007 shares during the period. Finally, Teton Advisors Inc. grew its stake in shares of Graham by 5.0% in the third quarter. Teton Advisors Inc. now owns 42,000 shares of the industrial products company’s stock worth $521,000 after acquiring an additional 2,000 shares in the last quarter. 68.11% of the stock is owned by institutional investors.

About Graham (Get Rating)

Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.

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