Graham (NYSE:GHM) Reaches New 52-Week High – Here’s What Happened

Graham Co. (NYSE:GHM) reached a new 52-week high during trading on Friday . The company traded as high as $47.61 and last traded at $47.05, with a volume of 39712 shares traded. The stock had previously closed at $44.14.

Graham Trading Up 7.1 %

The company has a fifty day moving average price of $40.88 and a two-hundred day moving average price of $33.68. The firm has a market cap of $514.66 million, a P/E ratio of 66.56 and a beta of 0.73.

Graham (NYSE:GHM) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The firm had revenue of $53.56 million for the quarter, compared to the consensus estimate of $50.50 million. During the same period last year, the company posted $0.04 EPS. As a group, sell-side analysts expect that Graham Co. will post 1.03 EPS for the current year.

Institutional Trading of Graham

Several hedge funds and other institutional investors have recently modified their holdings of GHM. Itau Unibanco Holding S.A. bought a new position in shares of Graham during the second quarter worth about $31,000. SG Americas Securities LLC acquired a new position in Graham during the 3rd quarter worth approximately $112,000. BNP Paribas Financial Markets grew its stake in shares of Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 1,374 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 2,774 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.