Graham Co. (NYSE:GHM - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $51.16 and last traded at $49.76, with a volume of 232351 shares trading hands. The stock had previously closed at $46.90.
Graham Price Performance
The stock has a market cap of $432.22 million, a P/E ratio of 55.90 and a beta of 0.71. The stock has a 50-day simple moving average of $44.36 and a 200-day simple moving average of $36.43.
Graham (NYSE:GHM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a net margin of 3.95% and a return on equity of 7.91%. As a group, sell-side analysts forecast that Graham Co. will post 1.03 earnings per share for the current year.
Institutional Trading of Graham
A number of hedge funds have recently made changes to their positions in GHM. Geode Capital Management LLC raised its position in shares of Graham by 1.3% during the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company's stock worth $6,900,000 after acquiring an additional 2,952 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in Graham by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company's stock worth $5,630,000 after purchasing an additional 620 shares during the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 29,277 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Graham by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company's stock worth $1,893,000 after purchasing an additional 9,466 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock valued at $1,153,000 after purchasing an additional 28,863 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.
About Graham
(
Get Free Report)
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.
See Also
Before you consider Graham, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graham wasn't on the list.
While Graham currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
