Graham (GHM)
Builds engineered fluid, heat-transfer, vacuum, power, and mixing systems for defense-led markets.
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Designs custom equipment for Defense, Energy & Process, and Space customers, including fluid, power, heat-transfer, vacuum, turbomachinery, and advanced-mixing systems. Sales and backlog are U.S.-weighted and defense-centered, with one reporting segment across the platform.
Designs and manufactures mission-critical fluid, power, heat-transfer, vacuum, turbomachinery, and advanced-mixing technologies for Defense, Energy & Process, and Space customers. Products range from ejectors, condensers, pumps, turbines, compressors, and blowers to rocket-propulsion hardware, life-support equipment, and bladeless centrifugal mixers.
Current platform combines Graham Manufacturing's vacuum and heat-transfer roots with Barber-Nichols turbomachinery, P3 and Xdot high-speed rotating-machine capabilities, and FlackTek material-processing systems. Work is custom-engineered, low-volume, and supported by direct sales engineers, technical service, spare parts, and shared operating-company services.
Business is concentrated in the United States and increasingly shaped by defense programs, including U.S. Navy-related demand. Customer concentration, program timing, acquisition integration, and cyclical energy/process demand are structural dependencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 25, 2026 | Oppenheimer | Reiterate | Rating: —Target: $110 | Target: $130 |
| Jun 23, 2026 | Northland Securities | Target | Target: $111 | Target: $135 |
| Jun 9, 2026 | Northland Securities | Target | Target: $80 | Target: $111 |
| Jun 9, 2026 | Oppenheimer | Reiterate | Rating: —Target: — | Target: $110 |
| Jan 27, 2026 | Northland Securities | Target | Target: $55 | Target: $80 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $27.0M · Total debt $6.8M · Total assets $364.0M · Shareholders' equity $192.2M
- Revenue
- $71.3M
- Operating income
- $4.2M
- Net income
- $3.9M
HistoryDividendAnnual yield
| Institutions | ≈ 88.53% | 10.39M shares | |
|---|---|---|---|
| 230 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.07% | 712.8K shares | |
| 11 holders · as of Jun 10, 2026 | |||
| Strategic holders | 8.59% | 1.01M shares | |
| 1 holder · as of Nov 9, 2020 | |||
| Adds to | 103.19% | ||
11.74M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.19%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Brandes Investment Partners, LPInstitution | 9.20% | 1.08M | as of Jun 30, 2026 |
American Century Companies, Inc.Strategic | 8.59% | 1.01M | filed Nov 9, 2020 |
BlackRock, Inc.Institution | 7.59% | 890,500 | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 5.17% | 607,281 | as of Jun 30, 2026 |
ArrowMark Colorado Holdings LLCInstitution | 4.42% | 518,755 | filed Feb 14, 2022 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Curtiss-Wright
Naval, defense, and power hardware overlap across engineered systems
- RTX
Collins Aerospace overlaps in aerospace, defense, and space systems
- Honeywell Aerospace
Aerospace and defense systems overlap after the Honeywell spin-off
- AMETEK
Aerospace, defense, thermal, pump, and motion-control overlap
- L3Harris Technologies
Defense and space systems overlap around mission-critical programs
- Kratos Defense & Security Solutions
Defense propulsion, power, thermal, and hypersonics overlap
- SPX Technologies
Heat-transfer and engineered thermal products overlap
- Xylem
Pumps and process-fluid equipment overlap in energy and process markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Graham | $86.87 | −0.09% | $1.02B | 84.4 | 49.0 | 3.9 | +28.6% |
| Curtiss-Wright | $552.27 | +0.36% | $20.33B | 37.8 | 34.4 | 5.6 | +5.4% |
| RTX | $193.52 | +1.32% | $257.41B | 33.6 | 26.3 | 2.8 | +14.5% |
| Honeywell Aerospace | $165.50 | −1.09% | $53.03B | — | 19.3 | — | — |
| AMETEK | $246.30 | +0.36% | $56.25B | 35.9 | 28.1 | 7.2 | +15.0% |
| L3Harris Technologies | $242.07 | +0.91% | $44.67B | 24.2 | 19.6 | 1.9 | +8.4% |
| Kratos Defense & Security Solutions | $47.20 | +0.49% | $8.81B | 275.6 | 50.2 | 5.8 | +30.5% |
| SPX Technologies | $176.25 | +0.91% | $8.74B | 31.4 | 19.2 | 3.5 | +22.9% |
| Xylem | $108.24 | +0.36% | $25.18B | 25.7 | 18.4 | 2.8 | +1.5% |
| Median | 33.6 | 22.9 | 3.5 | +14.5% |