Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Graham Co. (NYSE:GHM)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Graham Co. (NYSE:GHM) by 17.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,966 shares of the industrial products company’s stock after buying an additional 9,466 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.59% of Graham worth $1,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GHM. Lazard Asset Management LLC grew its holdings in Graham by 8,163.5% in the first quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 4,245 shares during the last quarter. Atria Investments Inc purchased a new position in Graham during the 1st quarter worth $1,118,000. Ellsworth Advisors LLC increased its position in Graham by 2.5% during the 2nd quarter. Ellsworth Advisors LLC now owns 31,364 shares of the industrial products company’s stock valued at $883,000 after buying an additional 759 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Graham in the second quarter valued at about $904,000. Finally, Panagora Asset Management Inc. acquired a new stake in Graham in the second quarter worth about $469,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Graham Stock Performance

Graham stock opened at $44.34 on Tuesday. Graham Co. has a fifty-two week low of $17.02 and a fifty-two week high of $45.67. The company has a market cap of $482.86 million, a PE ratio of 62.45 and a beta of 0.56. The business’s 50-day simple moving average is $32.85 and its two-hundred day simple moving average is $30.56.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The company had revenue of $53.56 million for the quarter, compared to the consensus estimate of $50.50 million. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, analysts predict that Graham Co. will post 1.03 EPS for the current fiscal year.

Graham 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.