Graham Holdings Company (NYSE:GHC – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,250.03 and last traded at $1,230.9110, with a volume of 1168 shares changing hands. The stock had previously closed at $1,213.52.
Wall Street Analyst Weigh In
GHC has been the topic of several research reports. Oppenheimer reiterated an “outperform” rating on shares of Graham in a research report on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of Graham in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
View Our Latest Stock Analysis on GHC
Graham Price Performance
Graham (NYSE:GHC – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $16.79 EPS for the quarter, topping analysts’ consensus estimates of $13.11 by $3.68. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. Graham had a net margin of 5.97% and a return on equity of 5.40%.
Graham Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be issued a dividend of $1.88 per share. The ex-dividend date is Thursday, July 16th. This represents a $7.52 annualized dividend and a dividend yield of 0.6%. Graham’s dividend payout ratio (DPR) is 11.13%.
Hedge Funds Weigh In On Graham
Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in Graham by 65.0% during the second quarter. Versant Capital Management Inc now owns 33 shares of the company’s stock worth $38,000 after buying an additional 13 shares during the period. Bank of America Corp DE grew its holdings in Graham by 11.0% in the 1st quarter. Bank of America Corp DE now owns 13,290 shares of the company’s stock valued at $14,051,000 after buying an additional 1,315 shares during the period. Edgestream Partners L.P. increased its stake in shares of Graham by 9.5% during the 1st quarter. Edgestream Partners L.P. now owns 10,155 shares of the company’s stock valued at $10,736,000 after acquiring an additional 883 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Graham during the 1st quarter worth about $381,000. Finally, Amundi purchased a new position in shares of Graham during the 1st quarter worth about $253,000. 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.
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