Graham Co. (NYSE:GHM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Graham Co. (NYSE:GHMGet Rating) have been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.00.

GHM has been the topic of several research reports. StockNews.com initiated coverage on shares of Graham in a report on Wednesday. They issued a “hold” rating on the stock. Colliers Securities lowered Graham from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 8th. Maxim Group decreased their target price on Graham from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. Zacks Investment Research raised Graham from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, TheStreet downgraded Graham from a “c-” rating to a “d+” rating in a research note on Friday, February 11th.

Shares of NYSE:GHM opened at $7.29 on Friday. Graham has a twelve month low of $7.12 and a twelve month high of $15.55. The company’s 50 day moving average is $7.70 and its 200 day moving average is $10.66. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17. The company has a market cap of $77.57 million, a PE ratio of -10.88 and a beta of 0.80.

Graham (NYSE:GHMGet Rating) last issued its quarterly earnings results on Monday, February 7th. The industrial products company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $28.77 million during the quarter, compared to analyst estimates of $38.00 million. During the same quarter last year, the company posted $0.11 EPS. Equities research analysts predict that Graham will post -0.63 earnings per share for the current fiscal year.

In other news, CEO Daniel J. Thoren purchased 12,500 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were bought at an average price of $7.90 per share, with a total value of $98,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa M. Schnorr bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 10th. The stock was bought at an average cost 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 company insiders.

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Graham by 3.8% in the fourth quarter. American Century Companies Inc. now owns 1,045,817 shares of the industrial products company’s stock valued at $13,010,000 after buying an additional 38,462 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Graham by 5.9% in the fourth quarter. Royce & Associates LP now owns 589,951 shares of the industrial products company’s stock valued at $7,339,000 after buying an additional 33,072 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Graham by 16.4% in the third quarter. Franklin Resources Inc. now owns 246,397 shares of the industrial products company’s stock valued at $3,055,000 after buying an additional 34,679 shares in the last quarter. Grace & White Inc. NY boosted its stake in shares of Graham by 93.5% in the first quarter. Grace & White Inc. NY now owns 232,436 shares of the industrial products company’s stock valued at $1,792,000 after buying an additional 112,297 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Graham by 5.9% in the third quarter. Gamco Investors INC. ET AL now owns 191,425 shares of the industrial products company’s stock valued at $2,374,000 after buying an additional 10,596 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

About Graham (Get Rating)

Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, power generation/alternative energy, and other industries. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps; and turbomachinery products for the aerospace, cryogenic, defense, and energy markets.

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