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

Shares of Graham Co. (NYSE:GHM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Graham Stock Down 4.3 %

The firm has a market capitalization of $305.51 million, a P/E ratio of 108.50 and a beta of 0.60. The firm’s 50-day simple moving average is $25.81 and its 200-day simple moving average is $20.80.

Graham (NYSE:GHM) last announced its earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. Graham had a net margin of 1.52% and a return on equity of 2.73%. The business had revenue of $43.82 million during the quarter, compared to analyst estimates of $37.88 million. During the same period in the previous year, the business posted $0.03 earnings per share.

Institutional Investors Weigh In On Graham

Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of Graham by 38.9% during the first quarter. US Bancorp DE now owns 61,716 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 17,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Graham by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 384,616 shares of the industrial products company’s stock worth $2,966,000 after acquiring an additional 13,471 shares in the last quarter. Sei Investments Co. raised its stake in shares of Graham by 15.6% during the first quarter. Sei Investments Co. now owns 95,737 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 12,940 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Graham by 49.3% during the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock worth $2,213,000 after acquiring an additional 94,744 shares in the last quarter. Finally, Teton Advisors Inc. raised its stake in shares of Graham by 107.5% during the first quarter. Teton Advisors Inc. now owns 83,000 shares of the industrial products company’s stock worth $640,000 after acquiring an additional 43,000 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

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.