Graham Co. (NYSE:GHM)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.19 and traded as high as $19.77. Graham shares last traded at $19.65, with a volume of 228 shares trading hands.

Several research analysts recently weighed in on GHM shares. Zacks Investment Research raised Graham from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 7th. ValuEngine lowered Graham from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Maxim Group reissued a “buy” rating and set a $25.00 price target on shares of Graham in a research report on Friday, July 26th.

The firm has a 50-day simple moving average of $19.25 and a two-hundred day simple moving average of $20.19. The company has a market capitalization of $197.81 million, a price-to-earnings ratio of 38.12 and a beta of 0.81.

Graham (NYSE:GHM) last issued its earnings results on Friday, July 26th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Graham had a positive return on equity of 3.61% and a negative net margin of 3.08%. The company had revenue of $20.59 million for the quarter, compared to analyst estimates of $19.19 million. As a group, analysts anticipate that Graham Co. will post 0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a $0.11 dividend. This is a positive change from Graham’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 20th. Graham’s dividend payout ratio is presently 86.27%.

Hedge funds have recently modified their holdings of the business. River & Mercantile Asset Management LLP acquired a new position in shares of Graham during the 2nd quarter valued at about $1,661,000. Vanguard Group Inc. increased its holdings in shares of Graham by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 530,252 shares of the industrial products company’s stock valued at $10,717,000 after acquiring an additional 73,793 shares during the last quarter. AWM Investment Company Inc. increased its holdings in shares of Graham by 28.0% during the 2nd quarter. AWM Investment Company Inc. now owns 190,886 shares of the industrial products company’s stock valued at $3,858,000 after acquiring an additional 41,740 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Graham by 7.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 616,003 shares of the industrial products company’s stock valued at $12,449,000 after acquiring an additional 40,959 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Graham by 6.4% during the 2nd quarter. Renaissance Technologies LLC now owns 426,157 shares of the industrial products company’s stock valued at $8,613,000 after acquiring an additional 25,504 shares during the last quarter. 78.13% of the stock is currently owned by institutional investors.

About Graham (NYSE:GHM)

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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