Connor Clark & Lunn Investment Management Ltd. Buys Shares of 19,434 Graham Corporation $GHM

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Graham Corporation (NYSE:GHM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,434 shares of the industrial products company’s stock, valued at approximately $2,406,000.

A number of other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in shares of Graham in the 2nd quarter valued at approximately $1,342,000. De Lisle Partners LLP acquired a new position in shares of Graham in the 2nd quarter worth approximately $11,141,000. William Blair Investment Management LLC purchased a new position in shares of Graham during the 2nd quarter worth approximately $45,159,000. Silvant Capital Management LLC purchased a new position in shares of Graham during the 2nd quarter worth approximately $101,000. Finally, Vise Technologies Inc. acquired a new stake in Graham in the 2nd quarter valued at approximately $345,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GHM shares. Wall Street Zen raised Graham from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer raised their price target on Graham to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded Graham from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Zacks Research lowered Graham from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Northland Securities raised 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Graham presently has an average rating of “Hold” and an average target price of $132.50.

Graham Stock Down 7.4%

Shares of GHM opened at $86.45 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 83.13 and a beta of 1.04. Graham Corporation has a fifty-two week low of $46.58 and a fifty-two week high of $125.82. The firm’s 50 day moving average price is $106.77 and its 200 day moving average price is $96.67.

Graham (NYSE:GHM) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The company had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $65.60 million. Graham had a net margin of 4.53% and a return on equity of 11.09%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. Research analysts forecast that Graham Corporation will post 1.87 earnings per share for the current year.

About Graham

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.