Zacks: Analysts Set $27.00 Target Price for Graham Co. (NYSE:GHM)

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

Brokers have set a 1 year consensus target price of $27.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Graham an industry rank of 196 out of 255 based on the ratings given to its competitors.

GHM has been the subject of several recent analyst reports. ValuEngine upgraded Graham from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research lowered Graham from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Several institutional investors and hedge funds have recently made changes to their positions in GHM. BlackRock Inc. raised its holdings in Graham by 0.9% in the 2nd quarter. BlackRock Inc. now owns 677,903 shares of the industrial products company’s stock valued at $13,701,000 after acquiring an additional 6,070 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Graham by 7.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 616,003 shares of the industrial products company’s stock valued at $12,449,000 after buying an additional 40,959 shares in the last quarter. Vanguard Group Inc. boosted its stake in Graham by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 530,252 shares of the industrial products company’s stock valued at $10,717,000 after buying an additional 73,793 shares in the last quarter. Renaissance Technologies LLC grew its position in Graham by 6.4% in the second quarter. Renaissance Technologies LLC now owns 426,157 shares of the industrial products company’s stock valued at $8,613,000 after acquiring an additional 25,504 shares during the period. Finally, AWM Investment Company Inc. grew its position in Graham by 28.0% in the second quarter. AWM Investment Company Inc. now owns 190,886 shares of the industrial products company’s stock valued at $3,858,000 after acquiring an additional 41,740 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

GHM stock traded down $0.10 during mid-day trading on Friday, reaching $21.38. 1,612 shares of the stock traded hands, compared to its average volume of 19,448. Graham has a 52 week low of $17.70 and a 52 week high of $25.98. The business has a 50-day moving average of $21.65 and a two-hundred day moving average of $20.41. The firm has a market capitalization of $209.91 million, a PE ratio of 42.00 and a beta of 0.80.

Graham (NYSE:GHM) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company had revenue of $21.64 million for the quarter, compared to the consensus estimate of $18.78 million. Graham had a positive return on equity of 3.05% and a negative net margin of 3.82%. During the same period last year, the business posted $0.07 earnings per share. Sell-side analysts predict that Graham will post 0.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 11th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.44 annualized dividend and a yield of 2.06%. Graham’s dividend payout ratio is 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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