Graham Corp. (NYSE:GHM) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a 1 year consensus price target of $21.00 for the company and are expecting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also assigned Graham Corp. an industry rank of 159 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Graham Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, September 28th.
Shares of Graham Corp. (NYSE:GHM) traded down 0.10% during trading on Monday, reaching $19.08. 1,666 shares of the company traded hands. The company has a market capitalization of $185.32 million, a price-to-earnings ratio of 48.92 and a beta of 1.38. The stock’s 50 day moving average is $18.81 and its 200 day moving average is $18.72. Graham Corp. has a 1-year low of $14.39 and a 1-year high of $21.09.
Graham Corp. (NYSE:GHM) last announced its earnings results on Friday, July 29th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Graham Corp. had a return on equity of 3.77% and a net margin of 4.55%. The company earned $22 million during the quarter, compared to analysts’ expectations of $20.35 million. During the same period last year, the business posted $0.23 EPS. Graham Corp.’s revenue for the quarter was down 19.0% on a year-over-year basis. On average, analysts forecast that Graham Corp. will post $0.31 EPS for the current year.
In other news, CAO Jennifer R. Condame sold 4,974 shares of Graham Corp. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $18.10, for a total value of $90,029.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY acquired a new stake in Graham Corp. during the first quarter valued at $159,000. O Shaughnessy Asset Management LLC boosted its stake in Graham Corp. by 1,554.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,663 shares of the company’s stock valued at $178,000 after buying an additional 9,079 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Graham Corp. by 7.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,018 shares of the company’s stock valued at $239,000 after buying an additional 875 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Graham Corp. during the second quarter valued at $228,000. Finally, Springbank Value Partners LP boosted its stake in Graham Corp. by 6.7% in the first quarter. Springbank Value Partners LP now owns 16,000 shares of the company’s stock valued at $319,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Graham Corp. Company Profile
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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