Connor Clark & Lunn Investment Management Ltd. Sells 14,309 Shares of Graham Corporation $GHM

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in Graham Corporation by 18.9%, now holding 61,340 shares valued at $1,768,000 as reported in its SEC filing.
• Other institutional investors, such as Deutsche Bank AG and Vanguard Group Inc., have increased their holdings, with Deutsche Bank growing its position by 84.3% during the same quarter.
• Recent analyst upgrades include a "buy" rating from Maxim Group and a "strong-buy" rating from Northland Capital Markets, indicating growing confidence in Graham Corporation's potential.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in Graham Corporation (NYSE:GHM - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,340 shares of the industrial products company's stock after selling 14,309 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.56% of Graham worth $1,768,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GHM. New York State Teachers Retirement System raised its position in Graham by 839.0% in the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 839 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Graham in the 1st quarter valued at $29,000. Russell Investments Group Ltd. raised its position in Graham by 18,025.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 1,442 shares during the last quarter. Legal & General Group Plc raised its position in Graham by 26.0% in the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 536 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Graham by 12,800.0% in the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $156,000 after purchasing an additional 5,376 shares during the last quarter. Institutional investors own 69.46% of the company's stock.

Graham Price Performance

Shares of NYSE GHM traded up $0.6350 during midday trading on Thursday, hitting $48.6450. The stock had a trading volume of 107,579 shares, compared to its average volume of 121,798. The company's 50-day simple moving average is $50.83 and its 200 day simple moving average is $40.08. The firm has a market cap of $534.12 million, a P/E ratio of 38.61 and a beta of 0.92. Graham Corporation has a fifty-two week low of $24.78 and a fifty-two week high of $58.00.

Graham (NYSE:GHM - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate 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. Equities analysts expect that Graham Corporation will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GHM has been the subject of several research analyst reports. Maxim Group upgraded Graham to a "buy" rating and set a $65.00 price objective for the company in a research report on Wednesday, July 2nd. Northland Capmk upgraded Graham to a "strong-buy" rating in a research report on Monday, June 23rd. Finally, Northland Securities began coverage on Graham in a research report on Monday, June 23rd. They issued an "outperform" rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $60.00.

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.