Graham Co. (NYSE:GHM) Short Interest Down 7.4% in September

Graham Co. (NYSE:GHM) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 247,800 shares, a decline of 7.4% from the August 31st total of 267,600 shares. Based on an average trading volume of 82,600 shares, the days-to-cover ratio is presently 3.0 days.

Graham Stock Down 0.3 %

Shares of GHM stock traded down $0.08 during mid-day trading on Tuesday, reaching $29.51. 12,969 shares of the company’s stock traded hands, compared to its average volume of 75,436. The company has a market cap of $320.80 million, a P/E ratio of 68.81 and a beta of 0.56. The company’s 50-day moving average price is $30.07 and its 200-day moving average price is $29.07. Graham has a 12 month low of $15.01 and a 12 month high of $34.72.

Graham (NYSE:GHM) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.18 by $0.15. The firm had revenue of $49.95 million during the quarter, compared to analyst estimates of $50.00 million. Graham had a net margin of 2.60% and a return on equity of 5.26%. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities analysts predict that Graham will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GHM shares. Noble Financial initiated coverage on shares of Graham in a research report on Monday, June 24th. They issued an “outperform” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ellsworth Advisors LLC increased its stake in shares of Graham by 2.5% during the second quarter. Ellsworth Advisors LLC now owns 31,364 shares of the industrial products company’s stock valued at $883,000 after buying an additional 759 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Graham in the second quarter worth about $31,000. nVerses Capital LLC acquired a new stake in Graham in the second quarter worth about $37,000. Essex Investment Management Co. LLC lifted its holdings in shares of Graham by 1.4% during the first quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock worth $4,896,000 after purchasing an additional 2,437 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Graham by 9.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 46,983 shares of the industrial products company’s stock worth $1,282,000 after purchasing an additional 4,122 shares during the period. 69.46% of the stock is currently owned by institutional investors.

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.