Graham Corp. (NYSE:GHM) CFO Jeffrey Glajch sold 7,833 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $20.53, for a total value of $160,811.49. Following the transaction, the chief financial officer now directly owns 52,358 shares of the company’s stock, valued at $1,074,909.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Graham Corp. (NYSE:GHM) traded down 2.08% on Wednesday, hitting $20.20. The stock had a trading volume of 38,380 shares. The company’s 50-day moving average is $18.65 and its 200-day moving average is $18.62. The stock has a market cap of $196.47 million, a P/E ratio of 63.72 and a beta of 0.93. Graham Corp. has a one year low of $14.39 and a one year high of $21.09.

Graham Corp. (NYSE:GHM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Graham Corp. had a return on equity of 3.26% and a net margin of 3.82%. The business had revenue of $21 million for the quarter, compared to analysts’ expectations of $20.67 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue was down 7.9% on a year-over-year basis. On average, analysts anticipate that Graham Corp. will post $0.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 9th. Graham Corp.’s dividend payout ratio (DPR) is 112.50%.

Separately, Zacks Investment Research cut Graham Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd.

Large investors have recently bought and sold shares of the company. Moors & Cabot Inc. raised its position in shares of Graham Corp. by 2.8% in the third quarter. Moors & Cabot Inc. now owns 31,519 shares of the company’s stock valued at $607,000 after buying an additional 853 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Graham Corp. during the third quarter valued at $156,000. AMI Investment Management Inc. purchased a new position in shares of Graham Corp. during the third quarter valued at $1,124,000. Northern Trust Corp raised its position in shares of Graham Corp. by 3.8% in the third quarter. Northern Trust Corp now owns 116,766 shares of the company’s stock valued at $2,231,000 after buying an additional 4,284 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Graham Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 20,240 shares of the company’s stock valued at $387,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

About Graham Corp.

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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