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 19.66 on Monday. Graham Corp. has a 12-month low of $14.39 and a 12-month high of $21.09. The stock’s 50 day moving average is $18.93 and its 200 day moving average is $18.71. The stock has a market capitalization of $190.96 million, a PE ratio of 50.41 and a beta of 1.38.
Graham Corp. (NYSE:GHM) last announced its earnings results on Friday, July 29th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business earned $22 million during the quarter, compared to the consensus estimate of $20.35 million. Graham Corp. had a net margin of 4.55% and a return on equity of 3.77%. Graham Corp.’s revenue was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Analysts forecast that Graham Corp. will post $0.31 EPS for the current year.
In other Graham Corp. news, CAO Jennifer R. Condame sold 4,974 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.10, for a total value of $90,029.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of GHM. Chartwell Investment Partners LLC acquired a new stake in Graham Corp. during the second quarter worth about $3,408,000. Renaissance Technologies LLC increased 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 during the period. JPMorgan Chase & Co. increased 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 during the period. Thomson Horstmann & Bryant Inc. increased 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 during the period. Finally, American Century Companies Inc. increased 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 during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Graham Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham Corp. and related companies with MarketBeat.com's FREE daily email newsletter.