Graham (NYSE:GHM) Coverage Initiated by Analysts at Noble Financial

Stock analysts at Noble Financial started coverage on shares of Graham (NYSE:GHM) in a report issued on Monday, Briefing.com reports. The firm set an “outperform” rating and a $35.00 price target on the industrial products company’s stock. Noble Financial’s price objective points to a potential upside of 23.20% from the stock’s current price.

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th.

Graham Stock Down 1.3 %

GHM opened at $28.41 on Monday. The company’s 50-day moving average price is $28.51 and its 200 day moving average price is $24.66. Graham has a fifty-two week low of $12.29 and a fifty-two week high of $34.72. The firm has a market cap of $308.82 million, a price-to-earnings ratio of 66.07 and a beta of 0.57.

Institutional Trading of Graham

Several large investors have recently added to or reduced their stakes in GHM. WealthTrust Axiom LLC lifted its position in shares of Graham by 5.2% during the fourth quarter. WealthTrust Axiom LLC now owns 45,690 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 2,250 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Graham by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 2,437 shares during the period. Ritholtz Wealth Management lifted its holdings in Graham by 18.9% in the fourth quarter. Ritholtz Wealth Management now owns 20,226 shares of the industrial products company’s stock valued at $384,000 after buying an additional 3,222 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Graham by 12.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,003 shares of the industrial products company’s stock valued at $548,000 after buying an additional 3,628 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Graham by 8,163.5% in the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,245 shares during the period. 69.46% of the stock is 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.