Graham (NYSE:GHM) Stock Crosses Above 200 Day Moving Average of $25.51

Graham Co. (NYSE:GHM)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.51 and traded as high as $27.57. Graham shares last traded at $27.30, with a volume of 57,608 shares traded.

Analysts Set New Price Targets

Several research firms have recently issued reports on GHM. Noble Financial began coverage on shares of Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price objective for the company. StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th.

Graham Stock Performance

The firm has a market capitalization of $324.36 million, a PE ratio of 69.40 and a beta of 0.59. The company’s 50-day moving average price is $28.47 and its 200-day moving average price is $25.61.

Graham (NYSE:GHM) last released its quarterly earnings data on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. Graham had a net margin of 2.46% and a return on equity of 4.45%. The company had revenue of $49.07 million during the quarter. As a group, analysts anticipate that Graham Co. will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Graham

Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in shares of Graham by 7.4% in the first quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after buying an additional 24,961 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Graham by 5.7% in the first quarter. First Eagle Investment Management LLC now owns 292,729 shares of the industrial products company’s stock valued at $7,986,000 after buying an additional 15,833 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Graham by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 2,437 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Graham by 14.8% in the first quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock valued at $4,673,000 after buying an additional 22,098 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Graham by 1,640.8% in the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock valued at $4,037,000 after buying an additional 139,472 shares during the last quarter. 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.