Graham (NYSE:GHM) Share Price Crosses Above 200 Day Moving Average of $20.71

Graham Co. (NYSE:GHM)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.71 and traded as high as $29.55. Graham shares last traded at $29.54, with a volume of 74,714 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Thursday, April 11th.

Graham Stock Down 4.3 %

The firm has a 50-day moving average of $25.81 and a two-hundred day moving average of $20.80. The company has a market capitalization of $305.51 million, a PE ratio of 108.50 and a beta of 0.60.

Graham (NYSE:GHM) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 2.73% and a net margin of 1.52%. During the same period last year, the business earned $0.03 earnings per share.

Institutional Trading of Graham

A number of institutional investors and hedge funds have recently made changes to their positions in GHM. Wasatch Advisors LP increased its position in shares of Graham by 44.8% in the first quarter. Wasatch Advisors LP now owns 483,055 shares of the industrial products company’s stock valued at $6,318,000 after buying an additional 149,475 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Graham by 49.3% in the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock valued at $2,213,000 after buying an additional 94,744 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Graham by 60.4% in the first quarter. Franklin Resources Inc. now owns 236,446 shares of the industrial products company’s stock valued at $3,093,000 after buying an additional 89,037 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Graham in the first quarter valued at approximately $895,000. Finally, Acadian Asset Management LLC increased its position in shares of Graham by 88.7% during the third quarter. Acadian Asset Management LLC now owns 124,295 shares of the industrial products company’s stock worth $2,061,000 after purchasing an additional 58,441 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.