Graham Corp. (GHM) Stock Price Up 7%
Graham Corp. (NYSE:GHM) shares rose 7% on Friday . The company traded as high as $20.36 and last traded at $19.65, with a volume of 56,858 shares changing hands. The stock had previously closed at $18.37.
Separately, Zacks Investment Research raised Graham Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd.
The firm’s 50-day moving average price is $18.84 and its 200-day moving average price is $18.50. The company has a market capitalization of $190.86 million and a price-to-earnings ratio of 50.38.
Graham Corp. (NYSE:GHM) last announced its earnings results on Friday, July 29th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $22 million for the quarter, compared to analysts’ expectations of $20.35 million. The firm’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Graham Corp. will post $0.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, August 9th. This represents a $0.36 annualized dividend and a yield of 1.83%.
In other news, CAO Jennifer R. Condame sold 4,974 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $18.10, for a total value of $90,029.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Graham Corp. stock. Dimensional Fund Advisors LP raised its position in Graham Corp. (NYSE:GHM) by 7.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 289,243 shares of the company’s stock after buying an additional 19,319 shares during the period. Dimensional Fund Advisors LP owned approximately 2.95% of Graham Corp. worth $4,865,000 at the end of the most recent quarter.
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is also a nuclear code accredited fabrication and specialty machining company.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.