Graham (NYSE:GHM) Cut to Hold at StockNews.com

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

Graham Stock Performance

NYSE GHM opened at $33.87 on Thursday. Graham has a one year low of $23.29 and a one year high of $52.00. The company has a market capitalization of $369.28 million, a price-to-earnings ratio of 40.81 and a beta of 0.71. The company’s 50-day simple moving average is $41.94 and its two-hundred day simple moving average is $36.97.

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

Hedge Funds Weigh In On Graham

Several institutional investors and hedge funds have recently added to or reduced their stakes in GHM. Meeder Asset Management Inc. purchased a new stake in shares of Graham during the fourth quarter valued at about $31,000. Jones Financial Companies Lllp purchased a new stake in Graham during the fourth quarter valued at approximately $45,000. Russell Investments Group Ltd. boosted its stake in 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 valued at $64,000 after acquiring an additional 1,442 shares in the last quarter. Legal & General Group Plc grew its holdings in 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 purchasing an additional 536 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.