Graham Co. (NYSE:GHM – Get Rating) – Stock analysts at Litchfield Hills Research lowered their Q2 2023 earnings estimates for shares of Graham in a report issued on Monday, August 1st. Litchfield Hills Research analyst T. O�Neill now anticipates that the industrial products company will post earnings of ($0.10) per share for the quarter, down from their previous forecast of ($0.01). The consensus estimate for Graham’s current full-year earnings is $0.08 per share. Litchfield Hills Research also issued estimates for Graham’s Q3 2023 earnings at $0.02 EPS.
Graham (NYSE:GHM – Get Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.22. Graham had a negative net margin of 3.58% and a negative return on equity of 3.15%. During the same quarter last year, the firm posted ($0.28) earnings per share.
Graham Stock Performance
NYSE GHM opened at $7.87 on Thursday. The company has a fifty day moving average price of $7.33 and a 200-day moving average price of $8.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.17. The firm has a market cap of $83.45 million, a price-to-earnings ratio of -16.74 and a beta of 0.74. Graham has a 1 year low of $6.51 and a 1 year high of $13.97.
Insider Transactions at Graham
In related news, CEO Daniel J. Thoren acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average cost of $7.20 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the chief executive officer now owns 308,682 shares in the company, valued at $2,222,510.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.60% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cooper Haims Advisors LLC lifted its stake in Graham by 21.4% in the first quarter. Cooper Haims Advisors LLC now owns 28,387 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 5,000 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Graham by 174.9% during the first quarter. Diamond Hill Capital Management Inc. now owns 29,732 shares of the industrial products company’s stock valued at $229,000 after buying an additional 18,915 shares during the period. American Capital Management Inc. lifted its position in Graham by 9.1% during the fourth quarter. American Capital Management Inc. now owns 30,350 shares of the industrial products company’s stock valued at $378,000 after buying an additional 2,520 shares during the period. State Street Corp increased its holdings in shares of Graham by 4.8% during the first quarter. State Street Corp now owns 36,093 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 1,666 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Graham by 38.9% during the first quarter. US Bancorp DE now owns 61,716 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 17,300 shares in the last quarter. 69.52% of the stock is currently owned by institutional investors.
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 comprising ejectors and surface condensers; torpedo ejection and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems, including pumps, blowers, and electronics.
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