Graham (NYSE:GHM) Rating Increased to Buy at StockNews.com

Graham (NYSE:GHM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Graham Stock Performance

NYSE GHM traded down $0.72 on Wednesday, hitting $36.21. 106,180 shares of the stock traded hands, compared to its average volume of 120,777. The business’s fifty day moving average is $43.30 and its two-hundred day moving average is $36.74. Graham has a 12 month low of $22.67 and a 12 month high of $52.00. The firm has a market capitalization of $394.63 million, a price-to-earnings ratio of 43.62 and a beta of 0.71.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Analysts expect that Graham will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

A number of large investors have recently made changes to their positions in GHM. Meeder Asset Management Inc. bought a new position in shares of Graham in the fourth quarter worth $31,000. Jones Financial Companies Lllp bought a new position in shares of Graham in the fourth quarter worth $45,000. Russell Investments Group Ltd. boosted its holdings in shares of Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 1,442 shares during the period. SG Americas Securities LLC bought a new position in shares of Graham in the third quarter worth $112,000. Finally, Legal & General Group Plc raised its position in shares of Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock worth $116,000 after buying an additional 536 shares in the last quarter. 69.46% of the stock is owned by institutional investors.

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.