Graham Corporation (NYSE:GHM) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01, reports. The company had revenue of $17.20 million for the quarter, compared to the consensus estimate of $16.73 million. Graham Corporation had a return on equity of 5.28% and a net margin of 6.51%. The firm’s revenue was down 18.5% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share.

Graham Corporation (GHM) traded down 8.92% during midday trading on Wednesday, reaching $19.90. The company had a trading volume of 73,748 shares. The firm has a market capitalization of $194.38 million, a P/E ratio of 33.00 and a beta of 1.05. The stock’s 50 day moving average price is $20.94 and its 200-day moving average price is $20.73. Graham Corporation has a one year low of $17.19 and a one year high of $25.00.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. Graham Corporation’s dividend payout ratio (DPR) is presently 60.00%.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at

An institutional investor recently raised its position in Graham Corporation stock. The Manufacturers Life Insurance Company boosted its stake in Graham Corporation (NYSE:GHM) by 12.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,721 shares of the industrial products company’s stock after buying an additional 1,099 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Graham Corporation worth $192,000 as of its most recent filing with the SEC. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Graham Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

Graham Corporation Company Profile

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.

Earnings History for Graham Corporation (NYSE:GHM)

Receive News & Ratings for Graham Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham Corporation and related companies with's FREE daily email newsletter.