Graham (NYSE:GHM) Shares Gap Up – Here’s What Happened

Graham Co. (NYSE:GHM)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $46.90, but opened at $48.65. Graham shares last traded at $50.57, with a volume of 6,139 shares.

Graham Stock Performance

The stock’s fifty day moving average price is $44.46 and its 200-day moving average price is $36.35. The company has a market capitalization of $428.97 million, a P/E ratio of 55.48 and a beta of 0.71.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a net margin of 3.95% and a return on equity of 7.91%. On average, research analysts predict that Graham Co. will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ellsworth Advisors LLC grew its position in Graham by 1.0% in the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 320 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Graham by 5.7% in the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 513 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Graham by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after acquiring an additional 620 shares during the last quarter. Rhumbline Advisers increased its position in Graham by 6.7% during the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 654 shares during the period. Finally, Principal Financial Group Inc. increased its position in Graham by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 960 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

About Graham

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.