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

Graham Co. (NYSE:GHMGet Rating) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.00.

GHM has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Graham in a research note on Saturday, May 21st. They issued a “hold” rating for the company. TheStreet cut Graham from a “c-” rating to a “d+” rating in a research note on Friday, February 11th. Maxim Group lowered their target price on Graham from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, February 8th. Colliers Securities cut Graham from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 8th. Finally, Zacks Investment Research upgraded Graham from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 12th.

A number of hedge funds have recently made changes to their positions in GHM. Cooper Haims Advisors LLC grew its position in Graham by 21.4% during the 1st quarter. Cooper Haims Advisors LLC now owns 28,387 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 5,000 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Graham by 174.9% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 29,732 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 18,915 shares during the last quarter. State Street Corp grew its position in Graham by 4.8% during the 1st quarter. State Street Corp now owns 36,093 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 1,666 shares during the last quarter. American Capital Management Inc. grew its position 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 valued at $378,000 after purchasing an additional 2,520 shares during the last quarter. Finally, US Bancorp DE grew its position 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 valued at $437,000 after purchasing an additional 34,890 shares during the last quarter. 69.52% of the stock is currently owned by institutional investors.

GHM opened at $7.76 on Thursday. The stock has a market cap of $82.55 million, a PE ratio of -11.58 and a beta of 0.77. 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 business has a 50 day moving average of $7.59 and a 200-day moving average of $10.02. Graham has a 52 week low of $7.12 and a 52 week high of $15.54.

Graham Company Profile (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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