Why Graham Stock Is Up Big Today

A pivot by industrial manufacturer Graham (GHM 10.09%) toward defense appears to be producing results, and investors are excited about the opportunity from here. 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. The company also received a $13.5 million investment from a ...