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.
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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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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