Graham Co. (NYSE:GHM) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Graham Co. (NYSE:GHM) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $27.00 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Graham an industry rank of 182 out of 256 based on the ratings given to related companies.

A number of analysts recently issued reports on GHM shares. Zacks Investment Research raised Graham from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, August 7th. Maxim Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of Graham in a report on Friday, July 26th. Finally, ValuEngine lowered Graham from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Graham by 589.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,006 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 1,715 shares in the last quarter. Bank of America Corp DE grew its holdings in Graham by 41.3% during the fourth quarter. Bank of America Corp DE now owns 8,913 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 2,603 shares during the period. Harvey Partners LLC bought a new stake in Graham during the second quarter valued at about $235,000. Walthausen & Co. LLC grew its holdings in Graham by 6.4% during the first quarter. Walthausen & Co. LLC now owns 53,260 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 3,190 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Graham by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 56,682 shares of the industrial products company’s stock valued at $1,146,000 after acquiring an additional 2,024 shares in the last quarter. 78.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE GHM traded down $0.22 during midday trading on Friday, hitting $19.80. 101,880 shares of the stock traded hands, compared to its average volume of 31,006. The business has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $20.19. Graham has a one year low of $17.70 and a one year high of $28.73. The company has a market cap of $194.45 million, a PE ratio of 38.82 and a beta of 0.81.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $20.59 million during the quarter, compared to the consensus estimate of $19.19 million. Graham had a positive return on equity of 3.61% and a negative net margin of 3.08%. Research analysts predict that Graham will post 0.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.11 per share. This is a boost from Graham’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.44 dividend on an annualized basis and a yield of 2.22%. Graham’s payout ratio is presently 86.27%.

About Graham

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

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