Graham (NYSE:GHM) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Graham (NYSE:GHM) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, Noble Financial started coverage on Graham in a research note on Monday, June 24th. They issued an outperform rating and a $35.00 price target on the stock.

Graham Stock Down 1.8 %

GHM opened at $28.73 on Thursday. The firm has a market cap of $312.32 million, a price-to-earnings ratio of 66.81 and a beta of 0.59. Graham has a 52 week low of $14.78 and a 52 week high of $34.72. The business’s 50 day moving average is $30.01 and its two-hundred day moving average is $28.35.

Graham (NYSE:GHM) last released its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The business had revenue of $49.95 million for the quarter, compared to analyst estimates of $50.00 million. Graham had a return on equity of 5.26% and a net margin of 2.60%. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities analysts expect that Graham will post 0.95 EPS for the current fiscal year.

Institutional Trading of Graham

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Graham by 14.8% in the first quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock valued at $4,673,000 after acquiring an additional 22,098 shares in the last quarter. Atria Investments Inc acquired a new stake in Graham during the first quarter worth about $1,118,000. Hillsdale Investment Management Inc. increased its stake in Graham by 1,640.8% during the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock worth $4,037,000 after acquiring an additional 139,472 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Graham during the fourth quarter worth about $148,000. Finally, First Eagle Investment Management LLC increased its stake in Graham by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 276,896 shares of the industrial products company’s stock worth $5,253,000 after acquiring an additional 13,621 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Company Profile

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.