Graham (NYSE:GHM) Downgraded to "Hold" Rating by StockNews.com

Graham (NYSE:GHM - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Graham Trading Up 3.6 %

Graham stock traded up $1.18 during mid-day trading on Thursday, hitting $33.87. The company had a trading volume of 112,890 shares, compared to its average volume of 121,733. The company has a market capitalization of $369.28 million, a PE ratio of 40.81 and a beta of 0.71. Graham has a 12 month low of $23.29 and a 12 month high of $52.00. The stock's 50 day moving average price is $41.94 and its two-hundred day moving average price is $36.97.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Equities research analysts anticipate that Graham will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in 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 purchasing an additional 29,277 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Graham in the third quarter valued at approximately $1,103,000. JPMorgan Chase & Co. raised its position in shares of Graham by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock valued at $1,153,000 after buying an additional 28,863 shares during the period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 4,145 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Graham by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company's stock worth $866,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors own 69.46% of the company's stock.

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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.