Graham (NYSE:GHM) Trading Up 7.1% - Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GHM shares. Northland Securities assumed coverage on Graham in a report on Monday. They set an "outperform" rating and a $55.00 target price on the stock. Northland Capmk upgraded Graham to a "strong-buy" rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of Graham from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Graham Price Performance

The stock's fifty day simple moving average is $37.95 and its 200-day simple moving average is $37.90. The stock has a market cap of $530.07 million, a P/E ratio of 43.61 and a beta of 0.85.

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

Institutional Trading of Graham

Several hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in Graham in the 1st quarter valued at about $467,000. Advisors Asset Management Inc. raised its holdings in shares of Graham by 58.1% during the first quarter. Advisors Asset Management Inc. now owns 11,796 shares of the industrial products company's stock valued at $340,000 after buying an additional 4,333 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Graham by 30.2% during the first quarter. Panagora Asset Management Inc. now owns 54,971 shares of the industrial products company's stock valued at $1,584,000 after buying an additional 12,739 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Graham by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 281,285 shares of the industrial products company's stock valued at $8,107,000 after acquiring an additional 4,850 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Graham by 47.5% during the 1st quarter. Wellington Management Group LLP now owns 54,960 shares of the industrial products company's stock valued at $1,584,000 after acquiring an additional 17,693 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

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.