Connor Clark & Lunn Investment Management Ltd. Takes $2.41 Million Position in Graham Corporation $GHM

Key Points

• Connor Clark & Lunn Investment Management purchased 19,434 Graham shares worth approximately $2.41 million, acquiring about a 0.17% stake. Institutional investors and hedge funds collectively own 69.46% of the company.
• Analyst sentiment is mixed but leans cautious: Graham has a consensus “Hold” rating and an average price target of $132.50, with two Buy ratings and three Hold ratings.
• Graham exceeded quarterly expectations, reporting $0.49 EPS versus the $0.27 estimate and $71.34 million in revenue versus $65.60 million expected. Revenue rose 28.6% year over year.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Graham Corporation (NYSE:GHM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,434 shares of the industrial products company's stock, valued at approximately $2,406,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Graham at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westport Asset Management Inc. purchased a new stake in Graham during the 2nd quarter valued at about $171,000. AdvisorShares Investments LLC raised its holdings in Graham by 7.9% in the 4th quarter. AdvisorShares Investments LLC now owns 3,238 shares of the industrial products company's stock valued at $208,000 after acquiring an additional 238 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Graham by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 21,608 shares of the industrial products company's stock worth $1,186,000 after purchasing an additional 319 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Graham by 8.3% during the 1st quarter. Diversified Trust Co now owns 4,267 shares of the industrial products company's stock worth $337,000 after purchasing an additional 326 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Graham by 2.2% during the 4th quarter. Barclays PLC now owns 16,212 shares of the industrial products company's stock worth $1,041,000 after purchasing an additional 350 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GHM has been the subject of several recent research reports. Wall Street Zen raised Graham from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings raised Graham from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Northland Securities upped their target price on Graham from $111.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Oppenheimer raised their target price on Graham to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. Finally, Zacks Research downgraded Graham from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Graham currently has a consensus rating of "Hold" and an average target price of $132.50.

Graham Price Performance

Graham stock opened at $86.45 on Friday. The firm has a 50 day simple moving average of $106.77 and a 200-day simple moving average of $96.67. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 83.13 and a beta of 1.04. Graham Corporation has a 1-year low of $46.58 and a 1-year high of $125.82.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.22. The firm had revenue of $71.34 million for the quarter, compared to analysts' expectations of $65.60 million. Graham had a return on equity of 11.09% and a net margin of 4.53%.The firm's quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities analysts expect that Graham Corporation will post 1.87 earnings per share for the current fiscal year.

Graham Profile

Graham Corporation NYSE: GHM is a U.S.-based industrial engineering company that designs, manufactures and services vacuum and heat transfer equipment. Its core offerings include liquid ring vacuum pumps, surface condensers, heat exchangers and custom-engineered vacuum systems. These products play a critical role in energy-intensive industries, where reliable removal of non-condensable gases and efficient heat exchange are vital to process performance.

The company's technologies find application across a range of end markets, including power generation, petrochemical, oil and gas, LNG, and semiconductor manufacturing.

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