Graham (NYSE:GHM) Upgraded to "Buy" at StockNews.com

Graham (NYSE:GHM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

Graham Stock Down 4.9 %

Shares of Graham stock traded down $1.73 during trading on Wednesday, reaching $33.49. The company's stock had a trading volume of 151,463 shares, compared to its average volume of 144,839. Graham has a 12-month low of $22.67 and a 12-month high of $52.00. The company has a market capitalization of $365.04 million, a P/E ratio of 40.35 and a beta of 0.71. The business has a 50 day moving average price of $42.90 and a 200-day moving average price of $36.76.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating 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%. Research analysts predict that Graham will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

A number of institutional investors have recently made changes to their positions in GHM. Invesco Ltd. raised its holdings in shares of Graham by 1,479.1% in the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company's stock worth $7,043,000 after acquiring an additional 148,340 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Graham by 137.4% in the fourth quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company's stock worth $6,122,000 after acquiring an additional 79,671 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Graham in the third quarter worth $1,103,000. Renaissance Technologies LLC raised its holdings in shares of Graham by 8.7% in the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock worth $16,693,000 after acquiring an additional 29,900 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Graham by 22.6% in the third quarter. State Street Corp now owns 158,611 shares of the industrial products company's stock worth $4,693,000 after acquiring an additional 29,277 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

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.