Graham (NYSE:GHM) Share Price Passes Above 200 Day Moving Average of $7.83

Graham Co. (NYSE:GHMGet Rating) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.83 and traded as high as $9.89. Graham shares last traded at $9.51, with a volume of 8,405 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Graham in a research report on Friday, September 2nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Graham presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Graham Price Performance

The company’s 50-day moving average price is $8.21 and its two-hundred day moving average price is $7.83. The company has a market cap of $101.02 million, a P/E ratio of -20.23 and a beta of 0.61. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

Graham (NYSE:GHMGet Rating) last released its earnings results on Friday, July 29th. The industrial products company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.22. Graham had a negative net margin of 3.58% and a negative return on equity of 3.15%. During the same period in the prior year, the company posted ($0.28) earnings per share. As a group, sell-side analysts expect that Graham Co. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Graham

In other Graham news, CEO Daniel J. Thoren bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of $7.20 per share, with a total value of $36,000.00. Following the purchase, the chief executive officer now directly owns 308,682 shares of the company’s stock, valued at $2,222,510.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Daniel J. Thoren purchased 7,500 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $7.83 per share, for a total transaction of $58,725.00. Following the transaction, the chief executive officer now owns 318,191 shares in the company, valued at $2,491,435.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel J. Thoren purchased 5,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $7.20 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the chief executive officer now owns 308,682 shares in the company, valued at approximately $2,222,510.40. The disclosure for this purchase can be found here. 6.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP grew its holdings in Graham by 31.3% during the first quarter. Brandes Investment Partners LP now owns 1,003,419 shares of the industrial products company’s stock valued at $7,737,000 after purchasing an additional 238,933 shares during the last quarter. Grace & White Inc. NY grew 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 worth $1,792,000 after acquiring an additional 112,297 shares during the last quarter. Azarias Capital Management L.P. grew its stake in shares of Graham by 27.0% in the first quarter. Azarias Capital Management L.P. now owns 509,446 shares of the industrial products company’s stock worth $3,928,000 after acquiring an additional 108,359 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Graham by 49.3% in the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock worth $2,213,000 after acquiring an additional 94,744 shares during the last quarter. Finally, Teton Advisors Inc. grew its stake in shares of Graham by 107.5% in the first quarter. Teton Advisors Inc. now owns 83,000 shares of the industrial products company’s stock worth $640,000 after acquiring an additional 43,000 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Graham Company Profile

(Get Rating)

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems comprising ejectors and surface condensers; torpedo ejection and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems, including pumps, blowers, and electronics.

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