Could Graham Corporation (GHM) Change Direction After Achieving 52-Week High?

May 17, 2018 - By Alfred Lee

Graham Corporation (NYSE:GHM) Logo

Investors sentiment increased to 2.37 in 2017 Q4. Its up 0.54, from 1.83 in 2017Q3. It improved, as 3 investors sold Graham Corporation shares while 16 reduced holdings. 12 funds opened positions while 33 raised stakes. 7.46 million shares or 2.02% more from 7.31 million shares in 2017Q3 were reported.
132,080 are owned by Boston. Ghp Advsrs has invested 0.07% in Graham Corporation (NYSE:GHM). Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Graham Corporation (NYSE:GHM). Foundry Ptnrs Limited Liability Com stated it has 269,228 shares. State Board Of Administration Of Florida Retirement System accumulated 15,002 shares or 0% of the stock. Amer Intll Gru reported 6,432 shares. Ancora Advsr Ltd Liability has 0.04% invested in Graham Corporation (NYSE:GHM). California Employees Retirement Sys owns 0% invested in Graham Corporation (NYSE:GHM) for 32,000 shares. Renaissance Limited Com owns 335,900 shares. Bragg Advsrs stated it has 0.06% in Graham Corporation (NYSE:GHM). Perritt has invested 0.6% in Graham Corporation (NYSE:GHM). Parallax Volatility Advisers Limited Partnership holds 1,554 shares. Tiaa Cref Invest Management Ltd Liability Company owns 24,962 shares for 0% of their portfolio. State Street stated it has 186,870 shares. 28,960 were reported by Parametric Portfolio Associate Limited Liability Corporation.

The stock of Graham Corporation (NYSE:GHM) hit a new 52-week high and has $26.41 target or 8.00 % above today’s $24.45 share price. The 7 months bullish chart indicates low risk for the $238.83M company. The 1-year high was reported on May, 17 by Barchart.com. If the $26.41 price target is reached, the company will be worth $19.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.25% or $0.06 during the last trading session, reaching $24.45. About 14,005 shares traded. Graham Corporation (NYSE:GHM) has declined 9.33% since May 17, 2017 and is downtrending. It has underperformed by 20.88% the S&P500.

More news for Graham Corporation (NYSE:GHM) were recently published by: Businesswire.com, which released: “Graham Corporation Announces Fourth Quarter and Full Fiscal Year 2018 Financial Results Release and Conference …” on May 17, 2018. Twst.com‘s article titled: “Graham Corporation: Graham Corporation Announces Fourth Quarter and Full Fiscal Year 2018 Financial Results …” and published on May 17, 2018 is yet another important article.

Graham Corporation, together with its subsidiaries, designs, makes, and sells vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. The company has market cap of $238.83 million. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers; and vacuum equipment consisting of steam jet ejector vacuum systems and liquid ring vacuum pumps. It currently has negative earnings. The firm also services and sells spare parts for its equipment; and supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities.

Graham Corporation (NYSE:GHM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.