Graham (NYSE:GHM) Shares Gap Up - Time to Buy?

Graham Co. (NYSE:GHM - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $42.00, but opened at $49.50. Graham shares last traded at $46.87, with a volume of 139,994 shares traded.

Analyst Ratings Changes

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

Graham Price Performance

The stock has a market capitalization of $498.21 million, a P/E ratio of 55.14 and a beta of 0.85. The business's 50 day moving average price is $33.66 and its 200 day moving average price is $37.66.

Hedge Funds Weigh In On Graham

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System boosted its holdings in shares of Graham by 839.0% in the first quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock worth $27,000 after buying an additional 839 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Graham in the 1st quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in Graham in the 4th quarter worth approximately $31,000. Jones Financial Companies Lllp acquired a new stake in shares of Graham during the 4th quarter worth approximately $45,000. Finally, Russell Investments Group Ltd. grew its stake in Graham by 18,025.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 1,442 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.

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