Graham (NYSE:GHM) Rating Increased to Buy at StockNews.com

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

Graham Trading Down 1.9 %

GHM opened at $36.21 on Wednesday. The stock has a fifty day simple moving average of $43.30 and a two-hundred day simple moving average of $36.74. The company has a market cap of $394.63 million, a price-to-earnings ratio of 43.62 and a beta of 0.71. Graham has a 12-month low of $22.67 and a 12-month high of $52.00.

Graham (NYSE:GHM) last posted its quarterly earnings data 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 return on equity of 9.35% and a net margin of 4.60%. On average, analysts predict that Graham will post 1.07 EPS for the current year.

Hedge Funds Weigh In On Graham

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Graham by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after acquiring an additional 14,589 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Graham by 8.7% during the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company’s stock valued at $16,693,000 after acquiring an additional 29,900 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Graham by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company’s stock valued at $15,697,000 after acquiring an additional 1,750 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Graham by 1.3% during the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after acquiring an additional 2,952 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Graham by 4.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company’s stock valued at $8,002,000 after acquiring an additional 7,673 shares in the last quarter. 69.46% of the stock is currently 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.