Graham (NYSE:GHM) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Graham (NYSE:GHM) from a buy rating to a hold rating in a research note released on Tuesday.

Graham Trading Down 0.1 %

Shares of Graham stock opened at $37.59 on Tuesday. Graham has a 12-month low of $22.40 and a 12-month high of $52.00. The stock has a market cap of $409.84 million, a PE ratio of 52.94 and a beta of 0.71. The company has a 50-day moving average of $43.86 and a two-hundred day moving average of $36.56.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Graham will post 1.03 EPS for the current fiscal year.

Institutional Trading of Graham

A number of hedge funds have recently bought and sold shares of GHM. Ellsworth Advisors LLC boosted its holdings in shares of Graham by 1.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 320 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Graham by 5.7% in the 3rd quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 513 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 536 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Graham by 6.7% in the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 654 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Graham in the 4th quarter valued at $31,000. Institutional investors and hedge funds 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.