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

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

Graham Stock Performance

NYSE:GHM opened at $36.21 on Wednesday. The firm has a market cap of $394.63 million, a PE ratio of 43.62 and a beta of 0.71. Graham has a fifty-two week low of $22.67 and a fifty-two week high of $52.00. The business has a 50 day moving average price of $43.30 and a 200-day moving average price of $36.74.

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

Institutional Trading of Graham

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in Graham by 1,479.1% in the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company’s stock worth $7,043,000 after acquiring an additional 148,340 shares during the period. American Century Companies Inc. lifted its stake in Graham by 137.4% in the fourth quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock worth $6,122,000 after acquiring an additional 79,671 shares during the period. Wellington Management Group LLP purchased a new stake in Graham in the third quarter worth $1,103,000. Renaissance Technologies LLC lifted its stake in Graham by 8.7% in the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company’s stock worth $16,693,000 after acquiring an additional 29,900 shares during the period. Finally, State Street Corp lifted its stake in Graham by 22.6% in the third quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after acquiring an additional 29,277 shares during the period. Hedge funds and other institutional investors 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.