Graham (NYSE:GHM) Trading 7.1% Higher - What's Next?

Graham Corporation (NYSE:GHM - Get Free Report) rose 7.1% on Monday . The company traded as high as $47.72 and last traded at $48.26. Approximately 32,322 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 83,905 shares. The stock had previously closed at $45.06.

Wall Street Analyst Weigh In

GHM has been the subject of a number of research reports. Wall Street Zen cut Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Northland Securities initiated coverage on Graham in a research note on Monday. They issued an "outperform" rating and a $55.00 price objective for the company. Finally, Northland Capmk upgraded Graham to a "strong-buy" rating in a research note on Monday.

Graham Price Performance

The company has a 50 day moving average price of $38.71 and a 200 day moving average price of $38.01. The firm has a market cap of $544.98 million, a PE ratio of 44.84 and a beta of 0.85.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Monday, June 9th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. Graham had a return on equity of 12.07% and a net margin of 5.83%. The business had revenue of $59.35 million during the quarter, compared to analysts' expectations of $55.67 million. On average, equities analysts anticipate that Graham Corporation will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

Several large investors have recently modified their holdings of GHM. Invesco Ltd. raised its stake in shares of Graham by 1,479.1% during the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company's stock worth $7,043,000 after purchasing an additional 148,340 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Graham by 61.4% during the first quarter. American Century Companies Inc. now owns 222,187 shares of the industrial products company's stock worth $6,403,000 after purchasing an additional 84,529 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in shares of Graham by 598.1% during the first quarter. Prescott Group Capital Management L.L.C. now owns 80,536 shares of the industrial products company's stock worth $2,321,000 after purchasing an additional 69,000 shares during the last quarter. Philadelphia Trust Co. purchased a new position in Graham in the first quarter worth $1,723,000. Finally, Russell Investments Group Ltd. raised its position in Graham by 3,250.1% in the first quarter. Russell Investments Group Ltd. now owns 48,577 shares of the industrial products company's stock worth $1,400,000 after acquiring an additional 47,127 shares in the last quarter. 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.