Graham Co. (NYSE:GHM - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $46.90, but opened at $48.65. Graham shares last traded at $50.57, with a volume of 6,139 shares.
Graham Trading Down 16.1 %
The stock has a market cap of $432.22 million, a price-to-earnings ratio of 55.90 and a beta of 0.71. The stock's 50-day moving average is $44.36 and its 200-day moving average is $36.43.
Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.05. Graham had a net margin of 3.95% and a return on equity of 7.91%. On average, equities analysts predict that Graham Co. will post 1.03 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in GHM. Jones Financial Companies Lllp purchased a new stake in Graham during the 4th quarter worth $45,000. SG Americas Securities LLC purchased a new stake in shares of Graham during the third quarter worth about $112,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Graham during the fourth quarter worth about $203,000. Cornerstone Investment Partners LLC acquired a new position in shares of Graham in the fourth quarter worth about $209,000. Finally, BNP Paribas Financial Markets boosted its holdings in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $151,000 after purchasing an additional 1,374 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.
About Graham
(
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Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.
Further Reading
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