Graham (NYSE:GHM) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Graham Corporation (NYSE:GHM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $62.47 and traded as high as $81.47. Graham shares last traded at $80.9020, with a volume of 86,170 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GHM. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Northland Securities upgraded shares of Graham from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.50.

Graham Trading Down 1.7%

The business has a 50 day simple moving average of $74.70 and a two-hundred day simple moving average of $62.47. The stock has a market cap of $895.59 million, a price-to-earnings ratio of 59.93 and a beta of 0.92.

Graham (NYSE:GHM) last released its earnings results on Friday, February 6th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. The company had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.36 million. Graham had a return on equity of 13.26% and a net margin of 6.28%. Research analysts anticipate that Graham Corporation will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Graham

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new position in Graham in the third quarter worth about $28,000. State of Alaska Department of Revenue bought a new position in Graham during the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets grew its position in shares of Graham by 62.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,063 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 410 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Graham by 130.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 667 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Graham by 396.2% in the 3rd quarter. Comerica Bank now owns 1,052 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 840 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Company Profile

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.