Graham (NYSE:GHM) Upgraded to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of Graham (NYSE:GHM) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

GHM has been the topic of a number of other research reports. Wall Street Zen downgraded Graham from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Northland Securities began coverage on Graham in a research report on Monday. They set an “outperform” rating and a $55.00 price objective on the stock.

Graham Stock Up 7.6%

Shares of Graham stock opened at $48.50 on Monday. The stock’s fifty day moving average is $37.58 and its two-hundred day moving average is $37.82. The company has a market capitalization of $531.08 million, a PE ratio of 43.69 and a beta of 0.85. Graham has a 52 week low of $24.78 and a 52 week high of $52.00.

Graham (NYSE:GHM) last posted its quarterly earnings results on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. Graham had a return on equity of 12.07% and a net margin of 5.83%. The business had revenue of $59.35 million for the quarter, compared to the consensus estimate of $55.67 million. As a group, research analysts anticipate that Graham will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On Graham

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in Graham by 26.0% during the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 536 shares in the last quarter. American Century Companies Inc. boosted its position in Graham by 137.4% during the fourth quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock valued at $6,122,000 after purchasing an additional 79,671 shares in the last quarter. Vanguard Group Inc. boosted its position in Graham by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after purchasing an additional 14,589 shares in the last quarter. Bank of America Corp DE raised its stake in Graham by 22.7% in the fourth quarter. Bank of America Corp DE now owns 18,499 shares of the industrial products company’s stock valued at $823,000 after buying an additional 3,423 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Graham in the fourth quarter valued at about $279,000. 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.