Graham (NYSE:GHM) Reaches New 1-Year High - Time to Buy?

Graham Co. (NYSE:GHM - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $47.61 and last traded at $47.05, with a volume of 39712 shares. The stock had previously closed at $44.14.

Analyst Ratings Changes

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

Graham Stock Performance

The company has a market capitalization of $514.66 million, a price-to-earnings ratio of 66.56 and a beta of 0.73. The business's 50 day moving average is $40.88 and its 200 day moving average is $33.66.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GHM. JPMorgan Chase & Co. increased 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. Principal Financial Group Inc. acquired a new stake in shares of Graham in the third quarter worth $266,000. Barclays PLC raised its holdings in shares of Graham by 36.5% during the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company's stock worth $458,000 after purchasing an additional 4,145 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 2,952 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Graham by 5.7% during the third quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company's stock valued at $283,000 after purchasing an additional 513 shares during the period. 69.46% of the stock is currently owned by hedge funds and other 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.