Graham Co. (GHM) Receives Consensus Rating of “Strong Buy” from Brokerages

Graham Co. (NYSE:GHM) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. Graham’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Graham an industry rank of 110 out of 265 based on the ratings given to its competitors.

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

Shares of Graham (NYSE GHM) traded down $0.06 during trading on Monday, hitting $22.53. The company had a trading volume of 34,400 shares, compared to its average volume of 45,856. Graham has a twelve month low of $17.97 and a twelve month high of $24.34. The firm has a market capitalization of $220.09, a PE ratio of 47.94 and a beta of 1.05.

Graham (NYSE:GHM) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $17.20 million for 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%. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Graham by 6.7% during the second quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Graham by 12.7% during the second quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,099 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Graham by 57.7% during the third quarter. Nationwide Fund Advisors now owns 12,064 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 4,415 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Graham by 2.1% during the second 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 in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in Graham during the second quarter worth about $353,000. Hedge funds and other institutional investors own 75.03% of the company’s stock.

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Graham 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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