Graham Co. (NYSE:GHM) Given $25.00 Consensus Target Price by Analysts
Graham Co. (NYSE:GHM) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $25.00 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Graham an industry rank of 182 out of 256 based on the ratings given to its competitors.
GHM has been the topic of several research reports. Ascendiant Capital Markets started coverage on Graham in a report on Monday, April 22nd. They issued a “buy” rating and a $1.59 target price on the stock. Maxim Group set a $9.00 price objective on Pitney Bowes and gave the company a “buy” rating in a research report on Friday, May 31st.
Graham (NYSE:GHM) last posted its earnings results on Thursday, May 30th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $23.64 million during the quarter. Graham had a negative net margin of 0.34% and a positive return on equity of 4.85%. Equities research analysts anticipate that Graham will post 0.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a $0.10 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.04%. Graham’s dividend payout ratio is currently 78.43%.
Several large investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its position in Graham by 6.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 570,399 shares of the industrial products company’s stock valued at $13,028,000 after acquiring an additional 34,088 shares during the period. Rhumbline Advisers lifted its position in Graham by 45.0% during the 4th quarter. Rhumbline Advisers now owns 13,778 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 4,277 shares during the period. BlackRock Inc. lifted its position in Graham by 2.1% during the 4th quarter. BlackRock Inc. now owns 681,923 shares of the industrial products company’s stock valued at $15,574,000 after acquiring an additional 13,989 shares during the period. Geode Capital Management LLC lifted its position in Graham by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 89,139 shares of the industrial products company’s stock valued at $2,035,000 after acquiring an additional 4,904 shares during the period. Finally, Bank of America Corp DE lifted its position in Graham by 41.3% during the 4th quarter. Bank of America Corp DE now owns 8,913 shares of the industrial products company’s stock valued at $203,000 after acquiring an additional 2,603 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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