Graham (NYSE:GHM) Cut to Hold at StockNews.com

Graham (NYSE:GHM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Graham Price Performance

Shares of NYSE:GHM traded up $2.37 during midday trading on Wednesday, hitting $33.06. 370,564 shares of the company's stock were exchanged, compared to its average volume of 76,793. The stock has a 50 day moving average price of $24.05 and a 200-day moving average price of $19.88. The company has a market cap of $358.04 million, a PE ratio of 127.16 and a beta of 0.60. Graham has a 12 month low of $10.77 and a 12 month high of $34.72.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. The company had revenue of $43.82 million during the quarter, compared to the consensus estimate of $37.88 million. Graham had a net margin of 1.52% and a return on equity of 2.73%. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Graham will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in Graham by 2,480.0% during the second quarter. Osaic Holdings Inc. now owns 1,935 shares of the industrial products company's stock worth $26,000 after buying an additional 1,860 shares during the last quarter. Royal Bank of Canada increased its holdings in Graham by 43.9% during the second quarter. Royal Bank of Canada now owns 3,275 shares of the industrial products company's stock worth $44,000 after buying an additional 999 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Graham during the third quarter worth about $46,000. Rockefeller Capital Management L.P. purchased a new position in shares of Graham in the fourth quarter worth about $52,000. Finally, Barclays PLC purchased a new position in shares of Graham in the first quarter worth about $74,000. 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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