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

Graham (NYSE:GHM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Graham Stock Down 0.4 %

NYSE:GHM opened at $29.26 on Tuesday. The firm has a market cap of $316.83 million, a PE ratio of 112.54 and a beta of 0.58. Graham has a 12 month low of $10.77 and a 12 month high of $34.72. The company’s 50-day moving average price is $27.37 and its two-hundred day moving average price is $22.09.

Graham (NYSE:GHM) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $43.82 million during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.03 earnings per share.

Hedge Funds Weigh In On Graham

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC bought a new stake in shares of Graham during the third quarter valued at approximately $87,000. Victory Capital Management Inc. acquired a new stake in shares of Graham in the 4th quarter valued at $148,000. Hillsdale Investment Management Inc. bought a new stake in shares of Graham during the fourth quarter worth $161,000. Quadrature Capital Ltd acquired a new position in shares of Graham during the fourth quarter valued at $325,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Graham by 18.9% during the fourth quarter. Ritholtz Wealth Management now owns 20,226 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 3,222 shares during the period. Institutional investors and hedge funds 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.