Graham (NYSE:GHM) Upgraded to “Buy” by StockNews.com

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

Separately, Noble Financial began coverage on Graham in a report on Monday, June 24th. They issued an outperform rating and a $35.00 target price for the company.

Graham Price Performance

Shares of GHM stock traded down $0.18 on Thursday, hitting $28.53. 54,540 shares of the company’s stock were exchanged, compared to its average volume of 84,192. Graham has a 12 month low of $14.78 and a 12 month high of $34.72. The stock has a market cap of $310.15 million, a P/E ratio of 66.77 and a beta of 0.59. The company has a 50 day moving average of $29.30 and a 200 day moving average of $27.15.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, June 7th. The industrial products company reported $0.12 earnings per share for the quarter. Graham had a return on equity of 4.45% and a net margin of 2.46%. The business had revenue of $49.07 million during the quarter. Sell-side analysts predict that Graham will post 0.81 EPS for the current fiscal year.

Institutional Trading of Graham

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in Graham during the second quarter worth $37,000. Lazard Asset Management LLC lifted its holdings in Graham by 8,163.5% during the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,245 shares during the period. Victory Capital Management Inc. purchased a new stake in Graham in the fourth quarter worth $148,000. Hillsdale Investment Management Inc. purchased a new stake in Graham in the fourth quarter worth $161,000. Finally, Rhumbline Advisers increased its position in Graham by 3,033.9% in the second quarter. Rhumbline Advisers now owns 11,094 shares of the industrial products company’s stock worth $312,000 after buying an additional 10,740 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

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.