Graham (NYSE:GHM) Upgraded by StockNews.com to “Buy”

Graham (NYSE:GHM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Graham Trading Up 0.4 %

Graham stock opened at $28.08 on Friday. The firm has a market capitalization of $304.11 million, a price-to-earnings ratio of 108.00 and a beta of 0.60. The firm’s fifty day moving average price is $26.14 and its two-hundred day moving average price is $20.99. Graham has a 1-year low of $10.77 and a 1-year high of $34.72.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The business had revenue of $43.82 million for the quarter, compared to analysts’ expectations of $37.88 million. Graham had a net margin of 1.52% and a return on equity of 2.73%. During the same quarter last year, the firm earned $0.03 EPS.

Institutional Investors Weigh In On Graham

A number of institutional investors and hedge funds have recently bought and sold shares of GHM. US Bancorp DE grew its position in Graham by 38.9% in the 1st quarter. US Bancorp DE now owns 61,716 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 17,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Graham by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 384,616 shares of the industrial products company’s stock valued at $2,966,000 after acquiring an additional 13,471 shares during the last quarter. Sei Investments Co. lifted its holdings in Graham by 15.6% during the first quarter. Sei Investments Co. now owns 95,737 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 12,940 shares during the period. Gamco Investors INC. ET AL boosted its position in Graham by 49.3% in the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock worth $2,213,000 after purchasing an additional 94,744 shares during the last quarter. Finally, Teton Advisors Inc. grew its stake in Graham by 107.5% in the 1st quarter. Teton Advisors Inc. now owns 83,000 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 43,000 shares during the period. 69.46% of the stock is owned by hedge funds and other 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.