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

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Graham Co. (NYSE:GHM) by 17.4% in the 3rd quarter, Holdings Channel reports. 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.’s holdings in Graham were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Graham during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in Graham in the second quarter valued at $37,000. SG Americas Securities LLC acquired a new position in shares of Graham in the third quarter worth about $112,000. Lazard Asset Management LLC boosted its stake in shares of Graham by 8,163.5% during the 1st quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,245 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,774 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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. The stock has a market capitalization of $482.86 million, a P/E ratio of 62.45 and a beta of 0.56. The company’s fifty day moving average price is $32.85 and its 200 day moving average price is $30.56. Graham Co. has a 1 year low of $17.02 and a 1 year high of $45.67.

Graham (NYSE:GHM) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. During the same quarter last year, the business earned $0.04 earnings per share. Sell-side analysts predict that Graham Co. will post 1.03 EPS for the current 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.