Algert Global LLC bought a new stake in shares of Graham Corporation (NYSE:GHM) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 25,626 shares of the industrial products company’s stock, valued at approximately $504,000. Algert Global LLC owned about 0.26% of Graham Corporation at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. North Star Investment Management Corp. boosted its position in Graham Corporation by 3.4% in the second quarter. North Star Investment Management Corp. now owns 188,380 shares of the industrial products company’s stock valued at $3,704,000 after buying an additional 6,130 shares during the period. State Street Corp boosted its position in Graham Corporation by 4.9% in the fourth quarter. State Street Corp now owns 175,731 shares of the industrial products company’s stock valued at $3,897,000 after buying an additional 8,244 shares during the period. King Luther Capital Management Corp boosted its position in Graham Corporation by 49.6% in the first quarter. King Luther Capital Management Corp now owns 42,200 shares of the industrial products company’s stock valued at $971,000 after buying an additional 14,000 shares during the period. Bragg Financial Advisors Inc boosted its position in Graham Corporation by 1.3% in the first quarter. Bragg Financial Advisors Inc now owns 17,830 shares of the industrial products company’s stock valued at $410,000 after buying an additional 230 shares during the period. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Graham Corporation during the fourth quarter valued at about $166,000. 74.94% of the stock is currently owned by hedge funds and other institutional investors.
Graham Corporation (GHM) opened at 19.39 on Friday. Graham Corporation has a 1-year low of $17.19 and a 1-year high of $25.00. The stock has a market capitalization of $189.40 million, a PE ratio of 32.16 and a beta of 1.05. The stock’s 50 day moving average price is $19.93 and its 200 day moving average price is $21.57.
Graham Corporation (NYSE:GHM) last issued its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.09. The business had revenue of $20.90 million during the quarter, compared to analyst estimates of $17.89 million. Graham Corporation had a return on equity of 5.28% and a net margin of 6.51%. Graham Corporation’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. On average, equities research analysts predict that Graham Corporation will post $0.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. Graham Corporation’s dividend payout ratio is presently 60.00%.
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Separately, Zacks Investment Research raised Graham Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.
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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