Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHM) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 191,200 shares, a drop of 11.2% from the October 15th total of 215,200 shares. Based on an average trading volume of 39,800 shares, the short-interest ratio is presently 4.8 days.

Graham Stock Down 0.8 %

Shares of NYSE GHM traded down $0.34 on Friday, hitting $40.25. The company had a trading volume of 93,660 shares, compared to its average volume of 56,278. The firm has a market capitalization of $438.32 million, a P/E ratio of 56.69 and a beta of 0.56. Graham has a 12-month low of $17.02 and a 12-month high of $42.65. The business has a 50 day moving average of $31.15 and a two-hundred day moving average of $29.94.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million during the quarter, compared to the consensus estimate of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same quarter last year, the company earned $0.04 earnings per share. On average, sell-side analysts anticipate that Graham will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Institutional Trading of Graham

Several large investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Graham during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC bought a new position in shares of Graham during the second quarter worth about $37,000. SG Americas Securities LLC acquired a new position in shares of Graham in the 3rd quarter worth approximately $112,000. Lazard Asset Management LLC boosted its holdings in Graham by 8,163.5% in the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 4,245 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 1,374 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.