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 research report released on Thursday morning.

Graham Price Performance

Shares of NYSE GHM opened at $32.74 on Thursday. The stock’s fifty day moving average price is $42.07 and its two-hundred day moving average price is $36.88. Graham has a one year low of $23.29 and a one year high of $52.00. The firm has a market cap of $357.01 million, a price-to-earnings ratio of 39.45 and a beta of 0.71.

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

Institutional Trading of Graham

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Graham during the 4th quarter worth $31,000. Jones Financial Companies Lllp acquired a new stake in shares of Graham during the 4th quarter worth $45,000. Russell Investments Group Ltd. grew its holdings in shares of Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 1,442 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Graham by 26.0% during the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 536 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Graham during the 4th quarter worth $172,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.