Graham Co. (NYSE:GHM) Short Interest Down 16.1% in September

Graham Co. (NYSE:GHM - Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 208,000 shares, a decrease of 16.1% from the September 15th total of 247,800 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is presently 4.2 days.

Analysts Set New Price Targets

Several research firms have recently commented on GHM. StockNews.com raised shares of Graham from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th. Noble Financial initiated coverage on shares of Graham in a research report on Monday, June 24th. They issued an "outperform" rating and a $35.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC increased its position in Graham by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company's stock worth $5,630,000 after buying an additional 620 shares in the last quarter. Ellsworth Advisors LLC increased its position in Graham by 2.5% during the 2nd quarter. Ellsworth Advisors LLC now owns 31,364 shares of the industrial products company's stock worth $883,000 after purchasing an additional 759 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Graham in the 2nd quarter valued at about $31,000. nVerses Capital LLC purchased a new position in Graham in the 2nd quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company's stock worth $225,000 after purchasing an additional 2,774 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of GHM stock traded up $0.09 during mid-day trading on Monday, hitting $31.01. 39,654 shares of the stock were exchanged, compared to its average volume of 73,356. Graham has a 12-month low of $15.01 and a 12-month high of $34.72. The stock has a market capitalization of $337.11 million, a price-to-earnings ratio of 72.12 and a beta of 0.56. The stock's fifty day simple moving average is $29.68 and its two-hundred day simple moving average is $29.35.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.15. Graham had a net margin of 2.60% and a return on equity of 5.26%. The firm had revenue of $49.95 million during the quarter, compared to analysts' expectations of $50.00 million. During the same quarter in the prior year, the business earned $0.25 EPS. On average, research analysts expect that Graham will post 0.95 earnings per share for the current fiscal year.

About Graham

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.