Graham (NYSE:GHM) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Graham (NYSE:GHM) from a buy rating to a hold rating in a report released on Thursday.

Graham Stock Down 0.9 %

NYSE:GHM opened at $32.74 on Thursday. The stock’s 50-day simple moving average is $42.07 and its 200 day simple moving average is $36.88. The firm has a market capitalization of $357.01 million, a PE ratio of 39.45 and a beta of 0.71. Graham has a twelve month low of $23.29 and a twelve month high of $52.00.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. On average, analysts anticipate that Graham will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Graham in the fourth quarter valued at about $31,000. Jones Financial Companies Lllp bought a new position in Graham in the fourth quarter valued at about $45,000. Russell Investments Group Ltd. raised its position in Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 1,442 shares during the last quarter. Legal & General Group Plc raised its position in Graham by 26.0% in 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 during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 1,374 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.