Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHM) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 100,000 shares, an increase of 5.5% from the December 15th total of 94,800 shares. Based on an average daily volume of 70,200 shares, the days-to-cover ratio is currently 1.4 days.

Graham Trading Up 0.9 %

NYSE GHM traded up $0.38 on Monday, hitting $44.65. 54,297 shares of the stock traded hands, compared to its average volume of 84,637. The company has a market capitalization of $486.27 million, a P/E ratio of 62.89 and a beta of 0.73. The stock has a 50-day moving average of $43.45 and a 200 day moving average of $34.79. Graham has a twelve month low of $18.90 and a twelve month high of $49.28.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The business had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. During the same period in the prior year, the company posted $0.04 EPS. As a group, equities research analysts expect that Graham will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GHM. SG Americas Securities LLC boosted its position in Graham by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after acquiring an additional 28,863 shares during the period. Principal Financial Group Inc. bought a new position in shares of Graham during the third quarter worth about $266,000. Barclays PLC increased its holdings in shares of Graham by 36.5% in the 3rd quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 4,145 shares during the period. Finally, Geode Capital Management LLC lifted its position in Graham by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after purchasing an additional 2,952 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

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.