Graham (GHM) Set to Announce Earnings on Thursday

Posted by Defense World Staff on Jun 6th, 2023

Graham (NYSE:GHM – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, June 8th. Analysts expect Graham to post earnings of ($0.08) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Graham Price Performance

Shares of NYSE:GHM opened at $11.66 on Tuesday. Graham has a one year low of $6.51 and a one year high of $14.66. The stock has a market cap of $124.06 million, a PE ratio of -194.33 and a beta of 0.48. The business’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $11.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.31.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TheStreet raised Graham from a “d” rating to a “c-” rating in a research note on Monday, February 6th. StockNews.com raised Graham from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Gabelli Funds LLC raised its position in shares of Graham by 3.4% in the 1st quarter. Gabelli Funds LLC now owns 30,655 shares of the industrial products company’s stock worth $401,000 after buying an additional 1,000 shares during the period. BlackRock Inc. raised its position in shares of Graham by 0.9% in the 1st quarter. BlackRock Inc. now owns 181,011 shares of the industrial products company’s stock worth $2,368,000 after buying an additional 1,539 shares during the period. State Street Corp raised its position in shares of Graham by 4.8% in the 1st quarter. State Street Corp now owns 36,093 shares of the industrial products company’s stock worth $278,000 after buying an additional 1,666 shares during the period. Geode Capital Management LLC raised its position in shares of Graham by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 85,309 shares of the industrial products company’s stock worth $820,000 after buying an additional 1,804 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Graham by 0.6% in the 1st quarter. Renaissance Technologies LLC now owns 294,768 shares of the industrial products company’s stock worth $3,856,000 after buying an additional 1,900 shares during the period. 64.47% of the stock is owned by hedge funds and other institutional investors.

Graham Company Profile

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Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters, and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.