Graham (NYSE:GHM) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Graham Corporation's stock price has surpassed its 200-day moving average of $43.09, reaching a high of $56.75 during trading.
• Analysts are optimistic about Graham's stock, with an average rating of "Buy" and a price target of $60.00, following multiple upgrades from firms like Northland Securities and Maxim Group.
• The company reported $0.45 earnings per share for the last quarter, significantly beating analysts' estimates, and it has a market capitalization of $619.44 million.

Graham Corporation (NYSE:GHM - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.09 and traded as high as $56.75. Graham shares last traded at $56.42, with a volume of 107,219 shares traded.

Wall Street Analyst Weigh In

GHM has been the subject of several recent analyst reports. Northland Securities initiated coverage on shares of Graham in a research note on Monday, June 23rd. They set an "outperform" rating and a $55.00 price objective for the company. Maxim Group raised shares of Graham to a "buy" rating and set a $65.00 price objective for the company in a research note on Wednesday, July 2nd. Finally, Northland Capmk raised shares of Graham to a "strong-buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, Graham presently has an average rating of "Buy" and an average price target of $60.00.

Graham Stock Up 2.8%

The stock has a market capitalization of $619.44 million, a PE ratio of 44.77 and a beta of 0.96. The stock's 50 day moving average price is $51.08 and its 200-day moving average price is $43.09.

Graham (NYSE:GHM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.20. The firm had revenue of $55.49 million during the quarter, compared to analyst estimates of $55.53 million. Graham had a net margin of 6.43% and a return on equity of 12.83%. Graham has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Graham

A number of hedge funds have recently added to or reduced their stakes in GHM. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Graham by 15.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,371 shares of the industrial products company's stock valued at $117,000 after acquiring an additional 310 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Graham by 62.8% during the second quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 410 shares in the last quarter. Auto Owners Insurance Co increased its holdings in shares of Graham by 4.8% during the second quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company's stock valued at $545,000 after acquiring an additional 500 shares in the last quarter. Algert Global LLC increased its holdings in shares of Graham by 7.4% during the first quarter. Algert Global LLC now owns 8,498 shares of the industrial products company's stock valued at $245,000 after acquiring an additional 588 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Graham by 130.5% during the second quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 667 shares in the last quarter. 69.46% of the stock is 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.

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