Graham (NYSE:GHM) Upgraded at StockNews.com

Graham (NYSE:GHM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Graham Stock Up 0.4 %

GHM traded up $0.11 on Thursday, reaching $29.99. The company's stock had a trading volume of 55,325 shares, compared to its average volume of 81,908. The company has a market capitalization of $324.79 million, a price-to-earnings ratio of 115.35 and a beta of 0.60. Graham has a fifty-two week low of $10.77 and a fifty-two week high of $34.72. The stock has a 50 day moving average of $25.32 and a two-hundred day moving average of $20.46.

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

Hedge Funds Weigh In On Graham

A number of hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP grew its position in Graham by 3.1% during the 3rd quarter. Brandes Investment Partners LP now owns 1,190,346 shares of the industrial products company's stock worth $19,760,000 after purchasing an additional 35,407 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Graham by 3.4% during the first quarter. Royce & Associates LP now owns 599,240 shares of the industrial products company's stock worth $7,838,000 after buying an additional 19,600 shares during the period. Wasatch Advisors LP grew its holdings in shares of Graham by 44.8% during the first quarter. Wasatch Advisors LP now owns 483,055 shares of the industrial products company's stock worth $6,318,000 after buying an additional 149,475 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Graham by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 438,193 shares of the industrial products company's stock valued at $8,313,000 after acquiring an additional 19,193 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Graham by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 340,304 shares of the industrial products company's stock valued at $4,519,000 after acquiring an additional 45,536 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other 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.

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