Graham (NYSE:GHC) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened
by Mitch Edgeman · The Markets DailyGraham Holdings Company (NYSE:GHC – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1,130.76 and traded as high as $1,164.22. Graham shares last traded at $1,156.2750, with a volume of 16,579 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on GHC shares. Oppenheimer reaffirmed an “outperform” rating on shares of Graham in a research note on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Graham in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.
Read Our Latest Research Report on Graham
Graham Price Performance
The firm has a 50-day simple moving average of $1,130.83 and a 200-day simple moving average of $1,112.39. The firm has a market cap of $5.04 billion, a P/E ratio of 17.32 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.54 and a debt-to-equity ratio of 0.15.
Graham (NYSE:GHC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $16.79 earnings per share for the quarter, topping analysts’ consensus estimates of $13.11 by $3.68. Graham had a return on equity of 5.40% and a net margin of 5.97%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion.
Graham Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be given a $1.88 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.6%. Graham’s payout ratio is presently 11.13%.
Institutional Investors Weigh In On Graham
Several institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its position in shares of Graham by 475.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 23 shares of the company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Graham during the 4th quarter worth $45,000. IFP Advisors Inc increased its position in Graham by 100.0% during the 4th quarter. IFP Advisors Inc now owns 46 shares of the company’s stock valued at $51,000 after buying an additional 23 shares in the last quarter. Bessemer Group Inc. raised its stake in Graham by 533.3% in the first quarter. Bessemer Group Inc. now owns 57 shares of the company’s stock valued at $61,000 after buying an additional 48 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Graham by 29.3% in the third quarter. Allworth Financial LP now owns 53 shares of the company’s stock worth $62,000 after acquiring an additional 12 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.
Graham Company Profile
Graham Corporation is a U.S.-based industrial equipment manufacturer specializing in the design and production of vacuum and heat transfer systems. The company’s core offerings include vacuum pumps, exhausters, and energy recovery turbines, as well as steam surface condensers and specialized heat exchangers. These products are engineered to support critical processes in industries that require controlled environments and efficient thermal management.
In addition to its standard product lines, Graham Corporation provides aftermarket services such as equipment installation, field maintenance, performance testing, and spare parts supply.