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 research report released on Saturday.

Graham Price Performance

NYSE:GHM opened at $29.03 on Friday. The business’s 50-day moving average is $26.38 and its two-hundred day moving average is $21.22. Graham has a 12 month low of $10.77 and a 12 month high of $34.72. The firm has a market capitalization of $314.34 million, a PE ratio of 111.65 and a beta of 0.60.

Graham (NYSE:GHM) last announced its earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The company had revenue of $43.82 million during the quarter, compared to the consensus estimate of $37.88 million. Graham had a return on equity of 2.73% and a net margin of 1.52%. During the same period last year, the firm earned $0.03 earnings per share.

Institutional Trading of Graham

Several large investors have recently modified their holdings of the business. Brandes Investment Partners LP grew its stake in shares of Graham by 3.1% during 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 acquiring an additional 35,407 shares in the last quarter. Wasatch Advisors LP grew its stake in Graham by 7.4% in the first quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock worth $9,841,000 after purchasing an additional 24,961 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Graham by 5.0% in the third quarter. Gamco Investors INC. ET AL now owns 298,935 shares of the industrial products company’s stock worth $4,962,000 after purchasing an additional 14,268 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Graham by 5.2% in 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 purchasing an additional 13,621 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Graham by 9.0% in 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. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.