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

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Graham Co. (NYSE:GHM) by 18.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,649 shares of the industrial products company’s stock after buying an additional 11,683 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.69% of Graham worth $3,364,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Graham by 1.3% in the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after purchasing an additional 2,952 shares during the period. State Street Corp grew its stake in shares of Graham by 22.6% during the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock valued at $4,693,000 after buying an additional 29,277 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Graham by 285.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after buying an additional 28,863 shares during the period. Wellington Management Group LLP acquired a new position in shares of Graham in the 3rd quarter valued at about $1,103,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Graham by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock worth $1,325,000 after purchasing an additional 22,176 shares during the period. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Trading Up 0.3 %

Shares of Graham stock opened at $32.20 on Tuesday. The company has a fifty day moving average price of $39.07 and a 200 day moving average price of $37.10. Graham Co. has a twelve month low of $24.21 and a twelve month high of $52.00. The stock has a market cap of $351.02 million, a price-to-earnings ratio of 38.79 and a beta of 0.73.

Graham (NYSE:GHM) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Analysts forecast that Graham Co. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Graham from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

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.