Graham Corp. Stock Price Up 5.8% Following Dividend Announcement (GHM)
Graham Corp. (NYSE:GHM)’s share price traded up 5.8% during trading on Friday following a dividend announcement from the company, Analyst Ratings.Net reports. The stock traded as high as $29.90 and last traded at $29.90, with a volume of 64,388 shares traded. The stock had previously closed at $28.25.
The newly announced dividend is scheduled for Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.54%.
The stock’s 50-day moving average is $29.25 and its 200-day moving average is $33.81. The company has a market cap of $300.2 million and a price-to-earnings ratio of 23.82.
Graham Corp. (NYSE:GHM) last released its earnings data on Friday, May 30th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.07. The company had revenue of $26.10 million for the quarter, compared to the consensus estimate of $29.40 million. During the same quarter last year, the company posted $0.41 earnings per share. Graham Corp.’s revenue was down 15.5% compared to the same quarter last year. On average, analysts predict that Graham Corp. will post $1.08 earnings per share for the current fiscal year.
Graham Corporation (NYSE:GHM) designs, manufactures and sells custom-built vacuum and heat transfer equipment to customers worldwide.
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