Graham (NYSE:GHM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Graham Corporation (NYSE:GHM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.18 and traded as high as $80.66. Graham shares last traded at $79.63, with a volume of 105,197 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Finally, Northland Securities upgraded Graham from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Graham has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Graham Stock Down 1.0%

The company has a market cap of $881.50 million, a P/E ratio of 58.99 and a beta of 0.92. The firm’s 50 day moving average is $72.54 and its two-hundred day moving average is $61.18.

Graham (NYSE:GHM) last announced its earnings results on Friday, February 6th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. Graham had a return on equity of 13.26% and a net margin of 6.28%.The business had revenue of $56.70 million during the quarter, compared to analyst estimates of $52.36 million. As a group, research analysts forecast that Graham Corporation will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

Several hedge funds and other institutional investors have recently bought and sold shares of GHM. Auto Owners Insurance Co grew its holdings in Graham by 4.8% during the 2nd quarter. Auto Owners Insurance Co now owns 11,000 shares of the industrial products company’s stock worth $545,000 after acquiring an additional 500 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Graham by 130.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,178 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 667 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Graham during the second quarter worth approximately $215,000. Los Angeles Capital Management LLC increased its holdings in Graham by 30.2% in the second quarter. Los Angeles Capital Management LLC now owns 21,410 shares of the industrial products company’s stock worth $1,060,000 after purchasing an additional 4,965 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Graham by 209.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,366 shares of the industrial products company’s stock valued at $414,000 after buying an additional 5,663 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Company Profile

Graham Corporation (NYSE: GHM) is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company’s technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.