Graham Corporation (GHM) Issues Earnings Results, Beats Expectations By $0.09 EPS
Graham Corporation (NYSE:GHM) released its quarterly earnings data on Friday. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09, Bloomberg Earnings reports. The firm had revenue of $20.90 million for the quarter, compared to the consensus estimate of $17.89 million. Graham Corporation had a net margin of 5.47% and a return on equity of 4.93%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share.
Shares of Graham Corporation (NYSE GHM) traded down 0.05% during trading on Friday, reaching $20.15. 39,347 shares of the company’s stock were exchanged. The firm has a market capitalization of $196.24 million, a PE ratio of 38.97 and a beta of 1.05. Graham Corporation has a 52 week low of $17.19 and a 52 week high of $25.00. The company’s 50-day moving average price is $20.02 and its 200 day moving average price is $21.70.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, August 11th. Graham Corporation’s payout ratio is currently 70.59%.
Separately, Zacks Investment Research raised shares of Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday.
Several institutional investors have recently bought and sold shares of GHM. Foundry Partners LLC acquired a new position in Graham Corporation during the first quarter valued at $3,977,000. AMI Investment Management Inc. raised its position in Graham Corporation by 2,430.3% in the first quarter. AMI Investment Management Inc. now owns 127,905 shares of the industrial products company’s stock valued at $2,435,000 after buying an additional 122,850 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in Graham Corporation by 19.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 534,132 shares of the industrial products company’s stock valued at $12,285,000 after buying an additional 87,949 shares during the period. RK Capital Management LLC raised its position in Graham Corporation by 18.3% in the first quarter. RK Capital Management LLC now owns 343,655 shares of the industrial products company’s stock valued at $7,904,000 after buying an additional 53,055 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Graham Corporation during the fourth quarter valued at $867,000. Institutional investors own 74.28% of the company’s stock.
About Graham Corporation
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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