Graham (NYSE:GHM) Stock Rating Upgraded by StockNews.com

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

Graham Stock Down 2.8 %

Shares of GHM stock opened at $35.17 on Wednesday. The company has a 50 day moving average of $43.12 and a 200-day moving average of $36.73. Graham has a 12-month low of $22.67 and a 12-month high of $52.00. The firm has a market cap of $383.30 million, a P/E ratio of 42.37 and a beta of 0.71.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. As a group, equities analysts expect that Graham will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its holdings in Graham by 22.6% in the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after buying an additional 29,277 shares during the period. Wellington Management Group LLP bought a new position in Graham in the 3rd quarter worth approximately $1,103,000. JPMorgan Chase & Co. boosted its holdings in Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock worth $1,153,000 after buying an additional 28,863 shares during the period. Barclays PLC boosted its holdings in Graham by 36.5% in the 3rd quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after buying an additional 4,145 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Graham by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after buying an additional 1,065 shares during the period. 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.