Graham Corp. CFO Purchases $75,400 in Stock (GHM)
Graham Corp. (NYSE:GHM) CFO Jeffrey Glajch acquired 2,500 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $30.16 per share, with a total value of $75,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 47,501 shares of the company’s stock, valued at approximately $1,432,630. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Graham Corp. (NYSE:GHM) traded up 0.67% on Thursday, hitting $30.25. 23,538 shares of the company’s stock traded hands. Graham Corp. has a 1-year low of $26.20 and a 1-year high of $41.94. The stock has a 50-day moving average of $31.57 and a 200-day moving average of $32.18. The company has a market cap of $306.1 million and a P/E ratio of 34.94.
Graham Corp. (NYSE:GHM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $29.10 million. During the same quarter last year, the company posted $0.38 earnings per share. Graham Corp.’s revenue was up .7% compared to the same quarter last year. Analysts expect that Graham Corp. will post $1.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, August 18th.
Graham Corporation (NYSE:GHM) designs, manufactures and sells custom-built vacuum and heat transfer equipment to customers worldwide.
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