The stock of Graham Corporation (NYSE:GHM) is a huge mover today! The stock increased 5.20% or $1.12 on November 23, hitting $22.65. About 50,267 shares traded hands or 83.01% up from the average. Graham Corporation (NYSE:GHM) has risen 20.86% since April 22, 2016 and is uptrending. It has outperformed by 15.46% the S&P500.
The move comes after 8 months positive chart setup for the $229.24 million company. It was reported on Nov, 24 by Barchart.com. We have $24.69 PT which if reached, will make NYSE:GHM worth $20.63 million more.
Analysts await Graham Corporation (NYSE:GHM) to report earnings on February, 3. They expect $0.09 earnings per share, down 30.77% or $0.04 from last year’s $0.13 per share. GHM’s profit will be $910,887 for 62.92 P/E if the $0.09 EPS becomes a reality. After $0.14 actual earnings per share reported by Graham Corporation for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.
According to Zacks Investment Research, “Graham Corporation designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide. The Company’s products include steam jet ejector vacuum systems and liquid ring vacuum pumps, surface condensers, Heliflows, water heaters, and various types of heat exchangers. It markets to chemical, petrochemical, petroleum refining, and electric power generating industries, including cogeneration and geothermal plants. Graham Corporation is headquartered in Batavia, New York.”
Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.37, from 1.17 in 2016Q1. The ratio improved, as 5 funds sold all Graham Corporation shares owned while 25 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 7.11 million shares or 6.04% less from 7.56 million shares in 2016Q1.
Schwab Charles Investment holds 30,990 shares or 0% of its portfolio. Oppenheimer Close Ltd Liability Corp holds 73,938 shares or 1.28% of its portfolio. Jpmorgan Chase And, a New York-based fund reported 37,031 shares. Qs Investors Limited Com has 4,762 shares for 0% of their US portfolio. Tiaa Cref Investment Mgmt Limited Company holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 31,937 shares. Moreover, Brandywine Global Investment Management Limited Liability Corporation has 0.03% invested in Graham Corporation (NYSE:GHM) for 223,509 shares. Morgan Dempsey Cap Mgmt Llc accumulated 0.73% or 117,273 shares. Blackrock Institutional Com Na holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 278,606 shares. D E Shaw Inc holds 72,290 shares or 0% of its portfolio. The North Carolina-based Bankshares Of America Corp De has invested 0% in Graham Corporation (NYSE:GHM). Spark Invest Mgmt Limited Liability has 12,400 shares for 0.02% of their US portfolio. Thomson Horstmann Bryant owns 398,088 shares or 0.95% of their US portfolio. Blackrock Inv Limited Liability Corporation holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 40,601 shares. Pnc Financial Ser Group Inc Incorporated has invested 0% of its portfolio in Graham Corporation (NYSE:GHM). Perritt Cap Inc reported 100,000 shares or 0.49% of all its holdings.
Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 4 selling transactions for $299,147 net activity. 7,833 shares with value of $160,802 were sold by Glajch Jeffrey on Tuesday, November 15. On Tuesday, September 6 MAZURKIEWICZ GERARD T sold $9,750 worth of the stock or 500 shares. 4,974 shares with value of $90,023 were sold by Condame Jennifer R on Tuesday, August 16.
More news for Graham Corporation (NYSE:GHM) were recently published by: Seekingalpha.com, which released: “Graham Corporation’s (GHM) CEO Jim Lines on Q2 2017 Results – Earnings Call …” on November 01, 2016. Nasdaq.com‘s article titled: “Graham Corporation (GHM) Ex-Dividend Date Scheduled for November 09, 2016” and published on November 08, 2016 is yet another important article.
GHM Company Profile
Graham Corporation, incorporated on March 7, 1983, designs, makes and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Firm creates and makes custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. The Firm is also a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. The Company’s equipment is found in other applications, such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. For the defense industry, its equipment is used in nuclear propulsion power systems for the United States Navy. The Company’s subsidiary, Energy Steel & Supply Co. (Energy Steel), is located in Lapeer, Michigan. The Company’s subsidiary, Graham Vacuum and Heat Transfer Technology (Suzhou) Co., Ltd. (GVHTT), is located in Suzhou, China. GVHTT provides sales and engineering support for the Company in the People’s Republic of China and management oversight throughout Southeast Asia.
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