Graham (NYSE:GHM) Downgraded by StockNews.com

Graham (NYSE:GHM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Graham Stock Up 0.3 %

GHM stock traded up $0.09 during midday trading on Tuesday, hitting $29.37. The company’s stock had a trading volume of 88,610 shares, compared to its average volume of 77,113. Graham has a 12 month low of $10.77 and a 12 month high of $34.72. The company has a 50 day moving average of $27.26 and a two-hundred day moving average of $22.04. The firm has a market capitalization of $318.08 million, a price-to-earnings ratio of 112.97 and a beta of 0.58.

Graham (NYSE:GHM) last issued its earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $43.82 million during the quarter, compared to analyst estimates of $37.88 million. Graham had a net margin of 1.52% and a return on equity of 2.73%. During the same quarter in the prior year, the business earned $0.03 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GHM. Brandes Investment Partners LP boosted its stake in Graham by 3.1% during the third quarter. Brandes Investment Partners LP now owns 1,190,346 shares of the industrial products company’s stock valued at $19,760,000 after buying an additional 35,407 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Graham by 7.4% during the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after acquiring an additional 24,961 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Graham by 5.0% in the third quarter. Gamco Investors INC. ET AL now owns 298,935 shares of the industrial products company’s stock valued at $4,962,000 after purchasing an additional 14,268 shares in the last quarter. First Eagle Investment Management LLC increased its position in Graham by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 276,896 shares of the industrial products company’s stock worth $5,253,000 after purchasing an additional 13,621 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Graham by 9.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 216,013 shares of the industrial products company’s stock valued at $3,586,000 after purchasing an additional 17,849 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.