North Star Investment Management Corp. increased its stake in shares of Graham Corporation (NYSE:GHM) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,380 shares of the industrial products company’s stock after buying an additional 6,130 shares during the period. North Star Investment Management Corp. owned about 1.93% of Graham Corporation worth $3,704,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in shares of Graham Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,893 shares of the industrial products company’s stock worth $136,000 after buying an additional 398 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Graham Corporation during the fourth quarter worth about $166,000. Nationwide Fund Advisors boosted its stake in shares of Graham Corporation by 18.8% in the first quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,209 shares during the last quarter. Wrapmanager Inc. acquired a new stake in shares of Graham Corporation during the first quarter worth about $221,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Graham Corporation during the first quarter worth about $266,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.
Shares of Graham Corporation (GHM) opened at 20.15 on Friday. Graham Corporation has a 12 month low of $17.19 and a 12 month high of $25.00. The stock has a 50 day moving average of $20.02 and a 200-day moving average of $21.70. The company has a market cap of $196.24 million, a PE ratio of 38.97 and a beta of 1.05.
Graham Corporation (NYSE:GHM) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.09. Graham Corporation had a return on equity of 4.93% and a net margin of 5.47%. The company had revenue of $20.90 million during the quarter, compared to analyst estimates of $17.89 million. During the same quarter last year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts forecast that Graham Corporation will post $0.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, August 11th. Graham Corporation’s dividend payout ratio (DPR) is currently 70.59%.
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Separately, Zacks Investment Research raised shares of Graham Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday.
About Graham Corporation
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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