Graham (NYSE:GHM) Lifted to “Buy” at StockNews.com

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

Separately, Noble Financial initiated coverage on Graham in a research note on Monday, June 24th. They set an outperform rating and a $35.00 target price for the company.

Graham Trading Down 3.9 %

NYSE GHM opened at $27.57 on Thursday. The company has a market cap of $299.71 million, a PE ratio of 64.12 and a beta of 0.56. The stock has a 50 day moving average of $30.00 and a 200-day moving average of $28.41. Graham has a 12 month low of $14.78 and a 12 month high of $34.72.

Graham (NYSE:GHM) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. Graham had a net margin of 2.60% and a return on equity of 5.26%. The company had revenue of $49.95 million for the quarter, compared to analysts’ expectations of $50.00 million. During the same period in the prior year, the firm earned $0.25 EPS. As a group, sell-side analysts predict that Graham will post 0.95 EPS for the current fiscal year.

Institutional Trading of Graham

A number of hedge funds have recently modified their holdings of GHM. Hillsdale Investment Management Inc. boosted its holdings in shares of Graham by 1,640.8% during the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock worth $4,037,000 after acquiring an additional 139,472 shares during the period. Atria Investments Inc acquired a new stake in Graham during the 1st quarter worth approximately $1,118,000. Acadian Asset Management LLC boosted its stake in Graham by 21.4% in the 2nd quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock valued at $5,858,000 after purchasing an additional 36,724 shares during the period. Bank of New York Mellon Corp acquired a new position in Graham in the 2nd quarter valued at $904,000. Finally, Wasatch Advisors LP increased its position in Graham by 7.4% during the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock worth $9,841,000 after buying an additional 24,961 shares during the period. Institutional investors and hedge funds 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.