Graham (NYSE:GHM) posted its quarterly earnings results on Friday. The industrial products company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05, RTT News reports. The firm had revenue of $20.59 million for the quarter, compared to the consensus estimate of $19.19 million. Graham had a negative net margin of 0.34% and a positive return on equity of 4.85%. Graham updated its FY 2020 guidance to EPS.

Graham stock traded up $0.10 during midday trading on Friday, hitting $20.97. 27,717 shares of the stock were exchanged, compared to its average volume of 19,193. Graham has a fifty-two week low of $18.62 and a fifty-two week high of $28.98. The firm has a market cap of $207.18 million, a PE ratio of 41.12 and a beta of 0.80. The stock’s 50-day moving average price is $20.22.

GHM has been the subject of several recent analyst reports. Ascendiant Capital Markets initiated coverage on shares of Graham in a research report on Monday, April 22nd. They set a “buy” rating and a $1.59 price objective for the company. Maxim Group restated a “buy” rating and set a $126.00 price objective on shares of Western Digital in a research report on Friday.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Graham by 2.1% during the fourth quarter. BlackRock Inc. now owns 681,923 shares of the industrial products company’s stock worth $15,574,000 after purchasing an additional 13,989 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Graham by 0.8% during the first quarter. Deprince Race & Zollo Inc. now owns 575,044 shares of the industrial products company’s stock worth $11,288,000 after purchasing an additional 4,645 shares during the last quarter. American Capital Management Inc. increased its position in Graham by 6.2% during the first quarter. American Capital Management Inc. now owns 311,998 shares of the industrial products company’s stock worth $6,125,000 after purchasing an additional 18,300 shares during the last quarter. Boston Partners increased its position in Graham by 1.3% during the first quarter. Boston Partners now owns 89,812 shares of the industrial products company’s stock worth $1,763,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Graham by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 89,139 shares of the industrial products company’s stock worth $2,035,000 after purchasing an additional 4,904 shares during the last quarter. Hedge funds and other institutional investors own 76.13% of the company’s stock.

About Graham

Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.

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Earnings History for Graham (NYSE:GHM)

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