Graham Corp. (GHM) Shares Up 7%
Graham Corp. (NYSE:GHM)’s share price shot up 7% on Friday . The stock traded as high as $20.36 and last traded at $19.65, with a volume of 56,858 shares trading hands. The stock had previously closed at $18.37.
Separately, Zacks Investment Research downgraded Graham Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 30th.
The firm has a 50-day moving average of $18.84 and a 200-day moving average of $18.50. The company has a market capitalization of $190.86 million and a P/E ratio of 50.38.
Graham Corp. (NYSE:GHM) last posted its earnings results on Friday, July 29th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The company had revenue of $22 million for the quarter, compared to the consensus estimate of $20.35 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. On average, analysts forecast that Graham Corp. will post $0.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.36 annualized dividend and a dividend yield of 1.83%.
In other news, CAO Jennifer R. Condame sold 4,974 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $18.10, for a total transaction of $90,029.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Graham Corp. stock. Dimensional Fund Advisors LP raised its stake in Graham Corp. (NYSE:GHM) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,243 shares of the company’s stock after buying an additional 19,319 shares during the period. Dimensional Fund Advisors LP owned about 2.95% of Graham Corp. worth $4,865,000 as of its most recent SEC filing.
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.
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