Graham (NYSE:GHM) Reaches New 1-Year High - What's Next?

Graham Co. (NYSE:GHM - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.23 and last traded at $46.09, with a volume of 9796 shares. The stock had previously closed at $45.51.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Graham from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th.

Graham Price Performance

The company has a market cap of $491.47 million, a PE ratio of 64.15 and a beta of 0.73. The company's 50 day simple moving average is $37.22 and its two-hundred day simple moving average is $32.20.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. The firm had revenue of $53.56 million during the quarter, compared to analysts' expectations of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same quarter last year, the company posted $0.04 EPS. Sell-side analysts expect that Graham Co. will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

Several institutional investors have recently bought and sold shares of GHM. Itau Unibanco Holding S.A. acquired a new position in shares of Graham in the second quarter worth $31,000. nVerses Capital LLC acquired a new position in Graham during the 2nd quarter worth $37,000. SG Americas Securities LLC purchased a new stake in Graham during the 3rd quarter worth about $112,000. BNP Paribas Financial Markets raised its position in Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $151,000 after purchasing an additional 1,374 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock valued at $178,000 after buying an additional 3,388 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

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.