Graham (NYSE:GHM) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Graham (NYSE:GHMGet Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the industrial products company’s stock.

Several other brokerages have also recently issued reports on GHM. Colliers Securities cut Graham from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 8th. TheStreet cut Graham from a “c-” rating to a “d+” rating in a research note on Friday, February 11th. Zacks Investment Research upgraded Graham from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, Maxim Group lowered their price objective on shares of Graham from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, February 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.18.

Shares of GHM stock opened at $7.39 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17. The stock has a market cap of $78.61 million, a P/E ratio of -11.03 and a beta of 0.77. The stock has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $9.69. Graham has a 1 year low of $7.12 and a 1 year high of $14.90.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Graham by 3.8% during the fourth quarter. American Century Companies Inc. now owns 1,045,817 shares of the industrial products company’s stock valued at $13,010,000 after purchasing an additional 38,462 shares in the last quarter. Brandes Investment Partners LP raised its position in Graham by 31.3% during the first quarter. Brandes Investment Partners LP now owns 1,003,419 shares of the industrial products company’s stock valued at $7,737,000 after purchasing an additional 238,933 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Graham by 5.9% during the fourth quarter. Royce & Associates LP now owns 589,951 shares of the industrial products company’s stock worth $7,339,000 after buying an additional 33,072 shares in the last quarter. Azarias Capital Management L.P. increased its holdings in shares of Graham by 27.0% during the first quarter. Azarias Capital Management L.P. now owns 509,446 shares of the industrial products company’s stock worth $3,928,000 after buying an additional 108,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 buying an additional 13,471 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

About Graham (Get Rating)

Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, power generation/alternative energy, and other industries. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps; and turbomachinery products for the aerospace, cryogenic, defense, and energy markets.

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