According to Zacks, “Graham Corporation designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide. The Company’s products include steam jet ejector vacuum systems and liquid ring vacuum pumps, surface condensers, Heliflows, water heaters, and various types of heat exchangers. It markets to chemical, petrochemical, petroleum refining, and electric power generating industries, including cogeneration and geothermal plants. Graham Corporation is headquartered in Batavia, New York. “
Graham Corp. (NYSE:GHM) opened at 19.06 on Monday. Graham Corp. has a 12-month low of $14.39 and a 12-month high of $21.09. The stock has a market cap of $185.13 million, a PE ratio of 48.87 and a beta of 1.38. The firm has a 50-day moving average of $18.83 and a 200-day moving average of $18.70.
Graham Corp. (NYSE:GHM) last issued its earnings results on Friday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Graham Corp. had a net margin of 4.55% and a return on equity of 3.77%. The business earned $22 million during the quarter, compared to analysts’ expectations of $20.35 million. During the same quarter in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. Equities analysts predict that Graham Corp. will post $0.31 earnings per share for the current fiscal year.
In related news, CAO Jennifer R. Condame sold 4,974 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $18.10, for a total transaction of $90,029.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of GHM. Chartwell Investment Partners LLC acquired a new stake in shares of Graham Corp. during the second quarter worth $3,408,000. Renaissance Technologies LLC boosted its stake in shares of Graham Corp. by 34.1% in the first quarter. Renaissance Technologies LLC now owns 174,100 shares of the company’s stock worth $3,466,000 after buying an additional 44,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Graham Corp. by 717.8% in the second quarter. JPMorgan Chase & Co. now owns 37,031 shares of the company’s stock worth $682,000 after buying an additional 32,503 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Graham Corp. by 8.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 398,088 shares of the company’s stock worth $7,332,000 after buying an additional 30,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Graham Corp. by 4.6% in the second quarter. American Century Companies Inc. now owns 610,363 shares of the company’s stock worth $11,243,000 after buying an additional 26,691 shares in the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.
About Graham Corp.
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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