Graham (NYSE:GHM) Raised 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 issued to investors on Thursday morning.

Separately, Noble Financial started coverage on Graham in a research report on Monday, June 24th. They set an outperform rating and a $35.00 price target on the stock.

Graham Price Performance

Shares of GHM stock opened at $27.57 on Thursday. The stock 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 one year low of $14.78 and a one year high of $34.72.

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

Institutional Investors Weigh In On Graham

Several institutional investors have recently added to or reduced their stakes in GHM. Wasatch Advisors LP raised its stake in shares of Graham by 7.4% in the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after purchasing an additional 24,961 shares during the period. First Eagle Investment Management LLC raised its position in Graham by 7.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock valued at $8,833,000 after buying an additional 20,933 shares during the last quarter. Acadian Asset Management LLC lifted 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 acquiring an additional 36,724 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Graham by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock worth $4,896,000 after acquiring an additional 2,437 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Graham by 1,640.8% during the 1st 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 in the last quarter. 69.46% of the stock is 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.