Graham Co. (NYSE:GHM) CEO James R. Lines Acquires 1,056 Shares

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Graham Co. (NYSE:GHM) CEO James R. Lines bought 1,056 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $18.51 per share, for a total transaction of $19,546.56. Following the purchase, the chief executive officer now directly owns 130,990 shares in the company, valued at approximately $2,424,624.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NYSE:GHM opened at $18.14 on Friday. The company’s 50-day moving average price is $19.69 and its two-hundred day moving average price is $20.44. Graham Co. has a one year low of $17.40 and a one year high of $23.77. The stock has a market capitalization of $183.68 million, a PE ratio of 61.90 and a beta of 0.67.

Graham (NYSE:GHM) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.25). The business had revenue of $25.29 million for the quarter, compared to analyst estimates of $28.36 million. Graham had a positive return on equity of 3.01% and a negative net margin of 3.57%. As a group, research analysts expect that Graham Co. will post 0.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, February 10th. This represents a $0.44 annualized dividend and a yield of 2.43%. Graham’s dividend payout ratio (DPR) is presently 86.27%.

A number of hedge funds and other institutional investors have recently modified their holdings of GHM. State Street Corp increased its position in shares of Graham by 0.7% during the 3rd quarter. State Street Corp now owns 185,620 shares of the industrial products company’s stock worth $3,686,000 after purchasing an additional 1,327 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Graham by 5.9% in the third quarter. California Public Employees Retirement System now owns 33,900 shares of the industrial products company’s stock valued at $673,000 after buying an additional 1,900 shares in the last quarter. Secure Asset Management LLC acquired a new position in Graham during the fourth quarter worth $229,000. Millennium Management LLC acquired a new position in Graham during the third quarter worth $239,000. Finally, Cadence Capital Management LLC acquired a new position in Graham during the fourth quarter worth $1,924,000. 76.68% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on GHM. Maxim Group reaffirmed a “buy” rating and set a $24.00 price target on shares of Graham in a research report on Sunday, February 2nd. ValuEngine downgraded shares of Graham from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, Zacks Investment Research lowered shares of Graham from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th.

About Graham

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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