GHM - Why Graham Stock Is Up Big Today
2024-06-07 14:16:25 ET
A pivot by industrial manufacturer Graham (NYSE: GHM) toward defense appears to be producing results, and investors are excited about the opportunity from here.
Shares of Graham traded up 9% as of noon ET on Friday after the company posted solid year-over-year growth.
Graham designs and manufactures fluid, power, heat-transfer, and vacuum technologies for a range of industries. The company has nearly doubled revenue since 2021, from $97.5 million to $185.5 million, with defense sales going from about one-quarter of the total four years ago to 54% today.
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Why Graham Stock Is Up Big Today