Graham (NYSE:GHM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Graham Corporation (NYSE:GHM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.18 and traded as high as $61.11. Graham shares last traded at $60.5050, with a volume of 75,836 shares.

Wall Street Analyst Weigh In

GHM has been the topic of several research analyst reports. Noble Financial downgraded shares of Graham from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st. Weiss Ratings raised Graham from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday. Zacks Research cut Graham from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Maxim Group raised Graham to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Graham Stock Up 2.1%

The stock has a market capitalization of $664.34 million, a P/E ratio of 48.02 and a beta of 0.96. The firm has a 50-day moving average of $53.78 and a 200 day moving average of $47.18.

Graham (NYSE:GHM) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $55.49 million during the quarter, compared to analysts’ expectations of $55.53 million. Graham had a return on equity of 12.83% and a net margin of 6.43%. Graham has set its FY 2026 guidance at EPS. Analysts predict that Graham Corporation will post 1.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Graham during the third quarter valued at $33,000. SG Americas Securities LLC bought a new position in shares of Graham during the third quarter valued at $138,000. Spire Wealth Management acquired a new stake in shares of Graham in the third quarter valued at $71,000. Calamos Advisors LLC increased its stake in shares of Graham by 13.2% in the third quarter. Calamos Advisors LLC now owns 36,014 shares of the industrial products company’s stock valued at $1,977,000 after buying an additional 4,191 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of Graham in the third quarter valued at $28,000. 69.46% of the stock is owned by institutional investors.

Graham Company Profile

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.