Graham Corporation (NYSE:GHM) Issues Earnings Results, Beats Estimates By $0.09 EPS
Graham Corporation (NYSE:GHM) released its quarterly earnings data on Friday. The industrial products company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09, Bloomberg Earnings reports. Graham Corporation had a return on equity of 4.93% and a net margin of 5.47%. The firm had revenue of $20.90 million for the quarter, compared to analysts’ expectations of $17.89 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis.
Graham Corporation (NYSE GHM) traded down 0.05% on Friday, reaching $20.15. The company’s stock had a trading volume of 39,347 shares. Graham Corporation has a 52 week low of $17.19 and a 52 week high of $25.00. The stock has a market capitalization of $196.78 million, a P/E ratio of 38.75 and a beta of 1.05. The firm has a 50 day moving average price of $20.02 and a 200 day moving average price of $21.70.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, August 11th. Graham Corporation’s dividend payout ratio (DPR) is 60.00%.
Separately, Zacks Investment Research upgraded Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday.
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Institutional investors have recently bought and sold shares of the stock. Wrapmanager Inc. acquired a new position in Graham Corporation during the first quarter valued at $221,000. OLD National Bancorp IN raised its position in Graham Corporation by 8.5% in the first quarter. OLD National Bancorp IN now owns 12,423 shares of the industrial products company’s stock valued at $286,000 after buying an additional 974 shares during the last quarter. Value Holdings Management CO. LLC raised its position in Graham Corporation by 27.1% in the first quarter. Value Holdings Management CO. LLC now owns 50,979 shares of the industrial products company’s stock valued at $1,351,000 after buying an additional 10,855 shares during the last quarter. Russell Investments Group Ltd. raised its position in Graham Corporation by 34.1% in the first quarter. Russell Investments Group Ltd. now owns 51,551 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 13,106 shares during the last quarter. Finally, AMI Investment Management Inc. raised its position in Graham Corporation by 2,430.3% in the first quarter. AMI Investment Management Inc. now owns 127,905 shares of the industrial products company’s stock valued at $2,435,000 after buying an additional 122,850 shares during the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.
Graham Corporation Company Profile
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 a nuclear code accredited fabrication and specialty machining company.
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