Graham Co. (NYSE:GHM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $34.46 and traded as high as $44.25. Graham shares last traded at $44.00, with a volume of 49,921 shares trading hands.
Graham Trading Up 0.5 %
The business has a fifty day moving average of $43.12 and a two-hundred day moving average of $34.52. The company has a market cap of $481.10 million, a price-to-earnings ratio of 62.22 and a beta of 0.73.
Graham (NYSE:GHM - Get Free Report) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The firm had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same quarter last year, the firm posted $0.04 EPS. On average, research analysts forecast that Graham Co. will post 1.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in Graham in the 2nd quarter worth about $31,000. SG Americas Securities LLC acquired a new stake in shares of Graham in the third quarter worth approximately $112,000. BNP Paribas Financial Markets increased its position in shares of Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after purchasing an additional 1,374 shares in the last quarter. MetLife Investment Management LLC raised its stake in Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock valued at $178,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Graham by 57.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 2,774 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.
Graham Company Profile
(
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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.
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