Graham Co. (NYSE:GHM) Given Average Recommendation of “Hold” by Brokerages

Shares of Graham Co. (NYSE:GHMGet Rating) have received an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.00.

A number of brokerages recently commented on GHM. Colliers Securities downgraded shares of Graham from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 8th. StockNews.com initiated coverage on shares of Graham in a research report on Monday. They issued a “hold” rating for the company. TheStreet downgraded shares of Graham from a “c-” rating to a “d+” rating in a research report on Friday, February 11th. Zacks Investment Research upgraded shares of Graham from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Maxim Group reduced their price target on shares of Graham from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, February 8th.

NYSE:GHM traded down $0.03 during trading hours on Wednesday, hitting $7.25. The company’s stock had a trading volume of 15,675 shares, compared to its average volume of 40,976. The stock has a market capitalization of $77.13 million, a P/E ratio of -10.82, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. The stock has a fifty day moving average of $8.14 and a 200-day moving average of $11.08. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17. Graham has a 52-week low of $7.12 and a 52-week high of $15.55.

Graham (NYSE:GHMGet Rating) last issued its quarterly earnings data on Monday, February 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $28.77 million for the quarter, compared to analysts’ expectations of $38.00 million. During the same period in the previous year, the business posted $0.11 EPS. On average, sell-side analysts forecast that Graham will post -0.64 earnings per share for the current year.

In other news, CEO Daniel J. Thoren bought 12,500 shares of the stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $7.90 per share, with a total value of $98,750.00. The purchase 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 stock in a transaction dated Thursday, February 10th. The shares were bought at an average cost of $9.10 per share, with a total value of $45,500.00. The disclosure for this purchase can be found here. 7.54% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Graham by 0.7% during the 4th quarter. BlackRock Inc. now owns 184,446 shares of the industrial products company’s stock valued at $2,294,000 after buying an additional 1,292 shares during the period. Teton Advisors Inc. grew its holdings in Graham by 5.0% during the 3rd quarter. Teton Advisors Inc. now owns 42,000 shares of the industrial products company’s stock valued at $521,000 after purchasing an additional 2,000 shares in the last quarter. American Capital Management Inc. grew its holdings 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 acquiring an additional 2,520 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Graham by 20.4% in the 2nd quarter. Royal Bank of Canada now owns 17,053 shares of the industrial products company’s stock valued at $235,000 after buying an additional 2,886 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in shares of 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. 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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