Graham (NYSE:GHM) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Graham Co. (NYSE:GHM - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.75 and traded as high as $40.27. Graham shares last traded at $39.44, with a volume of 65,617 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

Graham Trading Up 0.5%

The firm has a market cap of $430.78 million, a price-to-earnings ratio of 47.60 and a beta of 0.71. The firm has a 50 day moving average price of $32.55 and a 200-day moving average price of $37.74.

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GHM. Legal & General Group Plc grew its holdings in Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after buying an additional 536 shares during the period. American Century Companies Inc. grew its holdings in shares of Graham by 137.4% during the 4th quarter. American Century Companies Inc. now owns 137,658 shares of the industrial products company's stock worth $6,122,000 after purchasing an additional 79,671 shares during the period. Vanguard Group Inc. grew its holdings in shares of Graham by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company's stock worth $29,083,000 after purchasing an additional 14,589 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Graham by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock worth $442,000 after purchasing an additional 960 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Graham by 121.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 18,805 shares of the industrial products company's stock worth $836,000 after purchasing an additional 10,314 shares during the period. Hedge funds and other institutional investors own 69.46% of the company's stock.

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.