Graham Corporation (GHM) Given $30.00 Consensus Target Price by Brokerages

Shares of Graham Corporation (NYSE:GHM) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Graham’s rating score has improved by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $30.00 for the company, according to Zacks. Zacks has also assigned Graham an industry rank of 61 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in Graham by 6.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Graham by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 1,099 shares during the last quarter. Nationwide Fund Advisors raised its position in Graham by 57.7% during the 3rd quarter. Nationwide Fund Advisors now owns 12,064 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 4,415 shares during the last quarter. Teachers Advisors LLC grew its holdings in Graham by 2.1% during the 2nd quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 341 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new stake in Graham during the 2nd quarter worth about $353,000. 75.03% of the stock is owned by institutional investors and hedge funds.

Graham (GHM) opened at $20.09 on Wednesday. The stock has a market capitalization of $190.10, a price-to-earnings ratio of 39.71 and a beta of 1.04. Graham has a 12-month low of $17.97 and a 12-month high of $25.00.

Graham (NYSE:GHM) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $17.20 million during the quarter, compared to analyst estimates of $16.73 million. Graham had a return on equity of 4.25% and a net margin of 5.31%. Graham’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, November 6th. Graham’s dividend payout ratio is currently 76.60%.

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About Graham

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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