Analysts Set $21.00 Price Target for Graham Corp. (NYSE:GHM)
Shares of Graham Corp. (NYSE:GHM) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 12 month 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 162 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Graham Corp. from a “buy” rating to a “hold” rating in a report on Monday.
In related news, CAO Jennifer R. Condame sold 4,974 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Graham Corp. by 4.6% in the second quarter. American Century Companies Inc. now owns 610,363 shares of the company’s stock worth $11,243,000 after buying an additional 26,691 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of Graham Corp. by 8.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 398,088 shares of the company’s stock worth $7,332,000 after buying an additional 30,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Graham Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 349,300 shares of the company’s stock worth $6,434,000 after buying an additional 4,854 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Graham Corp. by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 325,525 shares of the company’s stock worth $5,996,000 after buying an additional 17,289 shares during the last quarter. Finally, WCM Investment Management CA raised its stake in shares of Graham Corp. by 4.9% in the second quarter. WCM Investment Management CA now owns 251,961 shares of the company’s stock worth $4,641,000 after buying an additional 11,870 shares during the last quarter. 74.51% of the stock is owned by institutional investors.
Shares of Graham Corp. (NYSE:GHM) opened at 19.50 on Monday. Graham Corp. has a 52 week low of $14.39 and a 52 week high of $21.09. The firm’s 50-day moving average is $18.90 and its 200-day moving average is $18.70. The company has a market cap of $189.40 million, a price-to-earnings ratio of 50.00 and a beta of 1.38.
Graham Corp. (NYSE:GHM) last issued its earnings results on Friday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Graham Corp. had a net margin of 4.55% and a return on equity of 3.77%. The firm had revenue of $22 million for the quarter, compared to analysts’ expectations of $20.35 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue was down 19.0% on a year-over-year basis. Equities research analysts predict that Graham Corp. will post $0.31 earnings per share for the current year.
About Graham Corp.
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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