OLD National Bancorp IN Has $227,000 Stake in Graham Corporation (NYSE:GHM)

OLD National Bancorp IN decreased its stake in Graham Corporation (NYSE:GHM) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,546 shares of the industrial products company’s stock after selling 877 shares during the period. OLD National Bancorp IN owned 0.12% of Graham Corporation worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bragg Financial Advisors Inc raised its position in Graham Corporation by 1.3% in the first quarter. Bragg Financial Advisors Inc now owns 17,830 shares of the industrial products company’s stock worth $410,000 after buying an additional 230 shares during the period. Bank of America Corp DE raised its position in Graham Corporation by 38.6% in the first quarter. Bank of America Corp DE now owns 88,340 shares of the industrial products company’s stock worth $2,031,000 after buying an additional 24,625 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Graham Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 36,857 shares of the industrial products company’s stock worth $848,000 after buying an additional 2,223 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Graham Corporation by 49.6% in the first quarter. King Luther Capital Management Corp now owns 42,200 shares of the industrial products company’s stock worth $971,000 after buying an additional 14,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Graham Corporation by 6.0% in the first quarter. Renaissance Technologies LLC now owns 235,200 shares of the industrial products company’s stock worth $5,410,000 after buying an additional 13,400 shares in the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.

Shares of Graham Corporation (NYSE GHM) traded up 0.47% on Friday, reaching $19.40. The company’s stock had a trading volume of 36,817 shares. Graham Corporation has a 1-year low of $17.19 and a 1-year high of $25.00. The stock has a 50-day moving average of $19.87 and a 200 day moving average of $21.48. The stock has a market capitalization of $189.50 million, a PE ratio of 32.17 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The firm had revenue of $20.90 million for the quarter, compared to the consensus estimate of $17.89 million. During the same period in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Graham Corporation will post $0.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.09 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. Graham Corporation’s payout ratio is currently 60.00%.

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Separately, Zacks Investment Research cut Graham Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th.

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.

Institutional Ownership by Quarter for Graham Corporation (NYSE:GHM)

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