GHM - Best Defense Stock: Graham Corporation Ready For Take Off (SA Quant)
2024-03-28 12:00:00 ET
Summary
- War and geopolitical challenges have created greater demand for defense and mission-critical technologies – potential tailwinds for industrial and diversified conglomerate Graham Corporation.
- Global defense spending in 2023 reached a record $2.2T. The U.S. Navy is Graham Corporation’s largest customer, which drove a record $400M backlog and $123.3M repeat orders for Q3 2023.
- For FY24, the U.S. Navy/Marines have been allocated a total budget of $171.17B by the Department of Defense, which has awarded the Navy +$18B (as of 3/12/24).
- Graham has a solid Quant Rating and strong growth and momentum, +100% in the past year vs. the Industrial Sector (XLI) +28% vs. Aerospace & Defense (XAR) +22%.
- The Quant Team interviewed Graham’s executive team for insights into how this top quant-rated small-cap stock could be a more lucrative portfolio investment than other big-name aerospace and defense companies.