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

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

Graham Stock Down 2.0 %

Shares of NYSE GHM opened at $37.64 on Tuesday. The firm has a market cap of $409.90 million, a P/E ratio of 53.01 and a beta of 0.71. The company has a 50 day moving average of $43.97 and a 200 day moving average of $36.55. Graham has a twelve month low of $22.09 and a twelve month high of $52.00.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 7.91% and a net margin of 3.95%. As a group, equities analysts expect that Graham will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

A number of large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in Graham in the fourth quarter valued at about $31,000. Jones Financial Companies Lllp purchased a new stake in Graham during the fourth quarter valued at approximately $45,000. SG Americas Securities LLC bought a new position in Graham in the third quarter worth approximately $112,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Graham during the 4th quarter worth $203,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Graham during the 4th quarter valued at $209,000. 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.