Graham (NYSE:GHM) Stock Passes Above 200-Day Moving Average – Should You Sell?

Graham Corporation (NYSE:GHM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.47 and traded as high as $81.47. Graham shares last traded at $80.9020, with a volume of 86,170 shares traded.

Wall Street Analysts Forecast Growth

GHM has been the topic of a number of research reports. Northland Securities raised shares of Graham from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings lowered shares of Graham from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, February 20th. Finally, Wall Street Zen upgraded Graham from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.50.

Graham Stock Performance

The firm has a market cap of $895.59 million, a price-to-earnings ratio of 59.93 and a beta of 0.92. The stock’s fifty day moving average is $74.70 and its two-hundred day moving average is $62.47.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 6th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $52.36 million. Graham had a net margin of 6.28% and a return on equity of 13.26%. Sell-side analysts predict that Graham Corporation will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of Graham by 1,993.3% in the fourth quarter. Invesco Ltd. now owns 135,879 shares of the industrial products company’s stock worth $8,728,000 after purchasing an additional 129,388 shares in the last quarter. XTX Topco Ltd acquired a new stake in Graham in the fourth quarter worth about $948,000. Uniplan Investment Counsel Inc. grew its position in Graham by 18.0% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 47,865 shares of the industrial products company’s stock valued at $3,074,000 after buying an additional 7,311 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Graham by 52.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 9,761 shares of the industrial products company’s stock valued at $627,000 after buying an additional 3,354 shares in the last quarter. Finally, American Capital Management Inc. increased its stake in Graham by 15.8% during the 4th quarter. American Capital Management Inc. now owns 46,803 shares of the industrial products company’s stock valued at $3,006,000 after buying an additional 6,374 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

About Graham

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.