Analysts at Maxim Group started coverage on shares of Graham (NYSE:GHM) in a research report issued on Thursday, April 18th, MarketBeat.com reports. The firm set a “buy” rating and a $27.00 price target on the industrial products company’s stock. Maxim Group’s price objective would suggest a potential upside of 33.00% from the company’s current price.
Shares of GHM traded down $0.37 during trading hours on Thursday, reaching $20.30. The stock had a trading volume of 5,665 shares, compared to its average volume of 16,844. Graham has a 12 month low of $19.00 and a 12 month high of $28.98. The stock has a market capitalization of $203.27 million, a price-to-earnings ratio of 40.53 and a beta of 0.93.
In related news, insider James R. Lines sold 5,066 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.96, for a total transaction of $111,249.36. Following the completion of the transaction, the insider now directly owns 108,472 shares of the company’s stock, valued at approximately $2,382,045.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer R. Condame sold 2,678 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.20, for a total value of $59,451.60. Following the transaction, the chief accounting officer now directly owns 26,295 shares of the company’s stock, valued at $583,749. The disclosure for this sale can be found here. 3.66% of the stock is currently owned by corporate insiders.
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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