Graham (NYSE:GHM) Shares Cross Above 200 Day Moving Average – What’s Next?

Graham Corporation (NYSE:GHM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.18 and traded as high as $80.66. Graham shares last traded at $79.63, with a volume of 105,197 shares changing hands.

Wall Street Analyst Weigh In

GHM has been the topic of several research reports. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings raised Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Graham presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Graham Stock Performance

The company has a 50-day moving average of $72.90 and a 200 day moving average of $61.34. The firm has a market cap of $897.79 million, a P/E ratio of 60.08 and a beta of 0.92.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $56.70 million during the quarter, compared to analyst estimates of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. Sell-side analysts anticipate that Graham Corporation will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC increased its holdings in shares of Graham by 7.9% during the fourth quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company’s stock worth $208,000 after buying an additional 238 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Graham by 15.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 310 shares during the last quarter. Raymond James Financial Inc. grew its position in Graham by 1.5% during the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company’s stock worth $1,186,000 after acquiring an additional 319 shares during the last quarter. Barclays PLC increased its holdings in Graham by 2.2% during the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 350 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Graham by 6.4% in the 4th quarter. AQR Capital Management LLC now owns 5,862 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 355 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

About Graham

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.