Graham (NYSE:GHM) Rating Increased to Strong-Buy at StockNews.com

Posted by on Aug 10th, 2023

Graham (NYSE:GHM – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Graham Trading Up 1.5 %

NYSE GHM opened at $16.38 on Tuesday. The firm’s fifty day moving average price is $13.16 and its 200 day moving average price is $12.88. Graham has a 12 month low of $7.45 and a 12 month high of $17.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.28 and a quick ratio of 0.97. The company has a market capitalization of $174.94 million, a price-to-earnings ratio of 78.00 and a beta of 0.54.

Graham (NYSE:GHM – Get Free Report) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.29. The business had revenue of $47.57 million during the quarter, compared to the consensus estimate of $39.68 million. Graham had a return on equity of 2.40% and a net margin of 1.38%. During the same period in the previous year, the business earned $0.06 EPS. On average, sell-side analysts expect that Graham will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its stake in shares of Graham by 35.1% during the first quarter. Brandes Investment Partners LP now owns 1,135,676 shares of the industrial products company’s stock worth $14,855,000 after buying an additional 294,849 shares during the period. Royce & Associates LP lifted its holdings in shares of Graham by 3.4% during the first quarter. Royce & Associates LP now owns 599,240 shares of the industrial products company’s stock worth $7,838,000 after purchasing an additional 19,600 shares during the period. Wasatch Advisors LP grew its position in Graham by 11.9% in the 2nd quarter. Wasatch Advisors LP now owns 540,562 shares of the industrial products company’s stock valued at $7,179,000 after buying an additional 57,507 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Graham by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 405,265 shares of the industrial products company’s stock valued at $5,382,000 after buying an additional 18,326 shares during the period. Finally, Renaissance Technologies LLC raised its position in Graham by 0.6% during the 1st quarter. Renaissance Technologies LLC now owns 294,768 shares of the industrial products company’s stock worth $3,856,000 after buying an additional 1,900 shares during the last quarter. 66.07% of the stock is owned by hedge funds and other institutional investors.

Graham Company Profile

(Get Free Report)

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.

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