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

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

Graham Price Performance

Graham stock traded down $0.70 during mid-day trading on Tuesday, reaching $38.35. The stock had a trading volume of 132,630 shares, compared to its average volume of 116,423. The company has a market capitalization of $417.58 million, a price-to-earnings ratio of 54.01 and a beta of 0.71. The company has a 50-day moving average price of $44.11 and a two-hundred day moving average price of $36.55. Graham has a one year low of $22.09 and a one year high of $52.00.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Graham will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Graham

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new position in shares of Graham in the 4th quarter worth approximately $45,000. SG Americas Securities LLC bought a new position in shares of Graham in the 3rd quarter worth approximately $112,000. BNP Paribas Financial Markets lifted its stake in shares of Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 3,388 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Graham in the 4th quarter worth approximately $203,000. Institutional investors 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.