Graham (NYSE:GHM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Graham Corporation (NYSE:GHM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.18 and traded as high as $61.11. Graham shares last traded at $60.5050, with a volume of 75,836 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Maxim Group upgraded shares of Graham to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, July 2nd. Zacks Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings raised shares of Graham from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Finally, Noble Financial downgraded shares of Graham from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Graham Stock Performance

The company has a market capitalization of $664.34 million, a price-to-earnings ratio of 48.02 and a beta of 0.96. The stock’s fifty day simple moving average is $53.78 and its two-hundred day simple moving average is $47.18.

Graham (NYSE:GHM) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. The firm had revenue of $55.49 million for the quarter, compared to the consensus estimate of $55.53 million. Graham had a return on equity of 12.83% and a net margin of 6.43%. Graham has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Graham Corporation will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

Large investors have recently made changes to their positions in the business. Blue Trust Inc. acquired a new position in shares of Graham in the 3rd quarter valued at about $28,000. State of Alaska Department of Revenue bought a new stake in Graham during the third quarter worth approximately $33,000. New York State Teachers Retirement System lifted its stake in shares of Graham by 839.0% in the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company’s stock worth $27,000 after buying an additional 839 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Graham by 62.8% in the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after buying an additional 410 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Graham by 130.5% in the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock worth $58,000 after buying an additional 667 shares during the last quarter. 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.