StockNews.com Initiates Coverage on Graham (NYSE:GHM)

StockNews.com initiated coverage on shares of Graham (NYSE:GHMGet Rating) in a note issued to investors on Friday. The firm set a “hold” rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the stock. Maxim Group dropped their target price on shares of Graham from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. TheStreet downgraded shares of Graham from a “c-” rating to a “d+” rating in a research report on Friday, February 11th. Colliers Securities downgraded shares of Graham from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 8th. Finally, Zacks Investment Research upgraded shares of Graham from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.18.

Shares of NYSE GHM opened at $7.34 on Friday. The company has a market capitalization of $78.08 million, a P/E ratio of -10.96 and a beta of 0.77. Graham has a 52-week low of $7.12 and a 52-week high of $15.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.17 and a current ratio of 1.47. The company’s 50 day moving average price is $7.61 and its 200-day moving average price is $10.35.

Graham (NYSE:GHMGet Rating) last issued its quarterly earnings results on Monday, February 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.51). The firm had revenue of $28.77 million during the quarter, compared to analyst estimates of $38.00 million. Graham had a negative return on equity of 5.95% and a negative net margin of 6.40%. During the same quarter last year, the firm posted $0.11 EPS. Analysts forecast that Graham will post -0.63 earnings per share for the current year.

In other Graham news, CEO Daniel J. Thoren acquired 12,500 shares of the stock in a transaction on Tuesday, February 22nd. The shares were purchased at an average price of $7.90 per share, for a total transaction of $98,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.54% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHM. Cooper Haims Advisors LLC grew its stake in shares of Graham by 21.4% in the 1st quarter. Cooper Haims Advisors LLC now owns 28,387 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 5,000 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Graham by 174.9% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 29,732 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 18,915 shares in the last quarter. American Capital Management Inc. grew its stake in shares of Graham by 9.1% in 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. US Bancorp DE grew its stake in shares of Graham by 9,940.2% in the 3rd quarter. US Bancorp DE now owns 35,241 shares of the industrial products company’s stock worth $437,000 after acquiring an additional 34,890 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake 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 worth $494,000 after acquiring an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.

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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