Graham Co. (NYSE:GHM) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 55,000 shares, an increase of 15.1% from the July 31st total of 47,800 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 21,600 shares, the short-interest ratio is currently 2.5 days.
GHM has been the subject of several recent analyst reports. ValuEngine cut shares of Graham from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Maxim Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of Graham in a research note on Friday, July 26th. Finally, Zacks Investment Research raised shares of Graham from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.53.
Shares of NYSE:GHM opened at $19.00 on Friday. The company has a 50 day moving average of $19.52 and a 200 day moving average of $20.31. The stock has a market cap of $183.29 million, a P/E ratio of 37.25 and a beta of 0.81. Graham has a 12 month low of $17.70 and a 12 month high of $28.73.
Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Graham had a negative net margin of 3.08% and a positive return on equity of 3.61%. The company had revenue of $20.59 million during the quarter, compared to analysts’ expectations of $19.19 million. On average, equities analysts anticipate that Graham will post 0.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 20th. This is a positive change from Graham’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 2.32%. Graham’s payout ratio is presently 86.27%.
A number of institutional investors have recently made changes to their positions in GHM. Bank of America Corp DE lifted its position in Graham by 41.3% during the fourth quarter. Bank of America Corp DE now owns 8,913 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 2,603 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Graham in the 1st quarter worth approximately $213,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Graham by 589.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,006 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 1,715 shares during the last quarter. Boston Partners lifted its holdings in shares of Graham by 1.3% in the 1st quarter. Boston Partners now owns 89,812 shares of the industrial products company’s stock worth $1,763,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Walthausen & Co. LLC lifted its holdings in shares of Graham by 6.4% in the 1st quarter. Walthausen & Co. LLC now owns 53,260 shares of the industrial products company’s stock worth $1,045,000 after acquiring an additional 3,190 shares during the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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