Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Graham Co. (NYSE:GHM - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,649 shares of the industrial products company's stock after purchasing an additional 11,683 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.69% of Graham worth $3,364,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of Graham during the 4th quarter worth about $45,000. Baader Bank Aktiengesellschaft bought a new position in shares of Graham during the 4th quarter worth about $203,000. Cornerstone Investment Partners LLC bought a new position in shares of Graham during the 4th quarter worth about $209,000. SG Americas Securities LLC increased its holdings in shares of Graham by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company's stock worth $220,000 after purchasing an additional 1,176 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Graham by 36.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after purchasing an additional 1,374 shares during the period. Institutional investors own 69.46% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.
Read Our Latest Report on Graham
Graham Trading Down 2.2 %
NYSE GHM traded down $0.68 on Friday, reaching $30.73. The company's stock had a trading volume of 110,018 shares, compared to its average volume of 84,588. The firm has a market cap of $335.02 million, a PE ratio of 37.02 and a beta of 0.73. The business has a 50-day moving average price of $38.37 and a 200 day moving average price of $37.03. Graham Co. has a 52 week low of $25.07 and a 52 week high of $52.00.
Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. Analysts anticipate that Graham Co. will post 1.07 earnings per share for the current fiscal year.
Graham Company Profile
(
Free Report)
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.
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