StockNews.com Lowers Graham (NYSE:GHM) to Hold

StockNews.com cut shares of Graham (NYSE:GHM) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Graham Trading Down 0.6 %

Shares of NYSE GHM opened at $27.38 on Monday. The company has a market cap of $296.53 million, a price-to-earnings ratio of 105.31 and a beta of 0.58. Graham has a 12 month low of $11.03 and a 12 month high of $34.72. The stock has a 50-day moving average price of $28.72 and a two-hundred day moving average price of $23.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GHM. Hillsdale Investment Management Inc. increased its stake in shares of Graham by 1,640.8% in the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock valued at $4,037,000 after buying an additional 139,472 shares during the period. Acadian Asset Management LLC increased its stake in shares of Graham by 88.7% in the third quarter. Acadian Asset Management LLC now owns 124,295 shares of the industrial products company’s stock valued at $2,061,000 after buying an additional 58,441 shares during the period. Atria Investments Inc acquired a new position in shares of Graham in the first quarter valued at approximately $1,118,000. Brandes Investment Partners LP increased its stake in shares of Graham by 3.1% in the third quarter. Brandes Investment Partners LP now owns 1,190,346 shares of the industrial products company’s stock valued at $19,760,000 after buying an additional 35,407 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Graham by 14.6% in the third quarter. First Eagle Investment Management LLC now owns 263,275 shares of the industrial products company’s stock valued at $4,370,000 after buying an additional 33,599 shares during the period. 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.