Graham (NYSE:GHM) Share Price Crosses Above 200 Day Moving Average of $22.04

Graham Co. (NYSE:GHM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.04 and traded as high as $30.50. Graham shares last traded at $29.37, with a volume of 88,610 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research report on Tuesday.

Graham Stock Up 0.3 %

The company has a 50-day moving average price of $27.26 and a 200-day moving average price of $22.04. The firm has a market capitalization of $318.02 million, a price-to-earnings ratio of 112.96 and a beta of 0.58.

Graham (NYSE:GHM) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $43.82 million for 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 period in the previous year, the business earned $0.03 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GHM. Brandes Investment Partners LP lifted 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 purchasing an additional 35,407 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Graham by 7.4% during the first quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock worth $9,841,000 after purchasing an additional 24,961 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Graham by 5.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 298,935 shares of the industrial products company’s stock valued at $4,962,000 after acquiring an additional 14,268 shares in the last quarter. First Eagle Investment Management LLC grew its stake 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 valued at $5,253,000 after purchasing an additional 13,621 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in Graham by 9.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 216,013 shares of the industrial products company’s stock worth $3,586,000 after buying an additional 17,849 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.