StockNews.com Upgrades Graham (NYSE:GHM) to Buy

StockNews.com upgraded shares of Graham (NYSE:GHM) from a hold rating to a buy rating in a report published on Saturday.

Graham Price Performance

Shares of Graham stock opened at $29.03 on Friday. The firm has a market cap of $314.34 million, a P/E ratio of 111.65 and a beta of 0.60. The firm has a 50 day simple moving average of $26.38 and a 200 day simple moving average of $21.22. Graham has a fifty-two week low of $10.77 and a fifty-two week high of $34.72.

Graham (NYSE:GHM) last released its earnings results on Monday, February 5th. The industrial products company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. Graham had a net margin of 1.52% and a return on equity of 2.73%. The firm had revenue of $43.82 million during the quarter, compared to analyst estimates of $37.88 million. During the same quarter in the previous year, the business earned $0.03 EPS.

Institutional Trading of Graham

A number of institutional investors have recently bought and sold shares of GHM. Ritholtz Wealth Management boosted its position in shares of Graham by 23.9% during the third quarter. Ritholtz Wealth Management now owns 17,004 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 3,278 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Graham by 9.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 216,013 shares of the industrial products company’s stock worth $3,586,000 after purchasing an additional 17,849 shares in the last quarter. WealthTrust Axiom LLC boosted its position in shares of Graham by 3.6% during the third quarter. WealthTrust Axiom LLC now owns 43,440 shares of the industrial products company’s stock worth $721,000 after purchasing an additional 1,500 shares in the last quarter. Barclays PLC bought a new position in shares of Graham during the third quarter worth $87,000. Finally, First Eagle Investment Management LLC boosted its position in shares of Graham by 14.6% during the third quarter. First Eagle Investment Management LLC now owns 263,275 shares of the industrial products company’s stock worth $4,370,000 after purchasing an additional 33,599 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.