Graham (NYSE:GHM) Rating Lowered to Hold at StockNews.com

Graham (NYSE:GHM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Graham Stock Performance

GHM traded down $0.70 during trading on Tuesday, reaching $38.35. 132,630 shares of the company traded hands, compared to its average volume of 116,423. Graham has a 12-month low of $22.09 and a 12-month high of $52.00. The firm has a fifty day simple moving average of $44.11 and a 200 day simple moving average of $36.55. The company has a market cap of $417.58 million, a P/E ratio of 54.01 and a beta of 0.71.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a net margin of 3.95% and a return on equity of 7.91%. As a group, sell-side analysts expect that Graham will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Graham during the 4th quarter valued at approximately $301,000. Vanguard Group Inc. boosted its position in shares of Graham by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after acquiring an additional 14,589 shares during the last quarter. LPL Financial LLC boosted its position in shares of Graham by 35.2% during the 4th quarter. LPL Financial LLC now owns 18,315 shares of the industrial products company’s stock valued at $814,000 after acquiring an additional 4,769 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Graham by 2.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 104,742 shares of the industrial products company’s stock valued at $4,658,000 after acquiring an additional 2,470 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Graham by 137.4% during the 4th quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company’s stock valued at $6,122,000 after acquiring an additional 79,671 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

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.