Graham Corp. (NYSE:GHM) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment 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 target price of $21.00 for the company and are anticipating that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Graham Corp. an industry rank of 157 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Graham Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Shares of Graham Corp. (NYSE:GHM) opened at 19.43 on Monday. The firm has a market cap of $188.72 million, a P/E ratio of 49.82 and a beta of 1.38. The firm has a 50-day moving average of $18.96 and a 200-day moving average of $18.70. Graham Corp. has a 12-month low of $14.39 and a 12-month high of $21.09.
Graham Corp. (NYSE:GHM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $22 million for the quarter, compared to analyst estimates of $20.35 million. Graham Corp. had a net margin of 4.55% and a return on equity of 3.77%. Graham Corp.’s quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities analysts forecast that Graham Corp. will post $0.31 earnings per share for the current fiscal year.
In other news, CAO Jennifer R. Condame sold 4,974 shares of Graham Corp. stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.10, for a total value of $90,029.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of GHM. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Graham Corp. during the first quarter valued at $159,000. O Shaughnessy Asset Management LLC increased its stake in shares of 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. increased its stake in shares of 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 purchased a new stake in shares of Graham Corp. during the second quarter valued at $228,000. Finally, Springbank Value Partners LP increased its stake in shares of 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. 74.51% of the stock is currently owned by institutional investors and hedge funds.
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.