Graham (NYSE:GHM) Stock Crosses Above 200 Day Moving Average of $25.51

Graham Co. (NYSE:GHM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.51 and traded as high as $27.57. Graham shares last traded at $27.30, with a volume of 57,608 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on GHM. Noble Financial began coverage on Graham in a research report on Monday, June 24th. They issued an “outperform” rating and a $35.00 price objective on the stock. StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th.

Graham Price Performance

The company has a 50-day moving average price of $28.47 and a 200 day moving average price of $25.61. The firm has a market capitalization of $324.36 million, a PE ratio of 69.40 and a beta of 0.59.

Graham (NYSE:GHM) last issued its earnings results on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. Graham had a return on equity of 4.45% and a net margin of 2.46%. The firm had revenue of $49.07 million for the quarter. As a group, research analysts anticipate that Graham Co. will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Graham

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in Graham by 8,163.5% during the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,245 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Graham during the fourth quarter worth approximately $148,000. Hillsdale Investment Management Inc. bought a new stake in Graham during the fourth quarter worth approximately $161,000. Quadrature Capital Ltd bought a new stake in Graham during the fourth quarter worth approximately $325,000. Finally, Ritholtz Wealth Management increased its stake in Graham by 18.9% during the fourth quarter. Ritholtz Wealth Management now owns 20,226 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 3,222 shares during the last quarter. 69.46% of the stock is 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.