Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHM) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 267,600 shares, a growth of 18.8% from the August 15th total of 225,300 shares. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is currently 3.1 days.

Graham Price Performance

Graham stock traded up $0.50 during trading on Friday, reaching $29.53. 70,149 shares of the company were exchanged, compared to its average volume of 78,167. Graham has a 52-week low of $14.78 and a 52-week high of $34.72. The company has a market capitalization of $321.58 million, a P/E ratio of 68.67 and a beta of 0.56. The stock’s 50 day simple moving average is $30.04 and its two-hundred day simple moving average is $28.63.

Graham (NYSE:GHM) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.15. Graham had a return on equity of 5.26% and a net margin of 2.60%. The firm had revenue of $49.95 million for the quarter, compared to the consensus estimate of $50.00 million. During the same quarter last year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that Graham will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On Graham

A number of institutional investors have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC lifted its position in Graham by 2.5% during the second quarter. Ellsworth Advisors LLC now owns 31,364 shares of the industrial products company’s stock worth $883,000 after buying an additional 759 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Graham during the second quarter worth $31,000. nVerses Capital LLC acquired a new stake in Graham during the second quarter worth $37,000. Essex Investment Management Co. LLC increased its stake in 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 acquiring an additional 2,437 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in 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 acquiring an additional 4,122 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

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