Graham Corp Sells $50M Stock to T. Rowe Price, Shares Drop -8.67%

By Chris Stiles • Wednesday, April 15 14:43 • Permanent Link

Graham Corporation said it will sell $50 million of common stock to accounts advised by T. Rowe Price Investment Management, Inc., in a deal that gives the investor 599,808 shares, or 5% of the company, at $83.36 apiece.

The price was set using the 20-day average closing price of Graham shares on April 13, 2026. The transaction is expected to close on April 16, 2026.

Graham said it plans to use the cash to reduce debt and to help finance future growth investments, both organic and inorganic. The company said the sale will strengthen its balance sheet and improve financial flexibility.

Chief Executive Matthew J. Malone said the investment reflects confidence in Graham’s platform and its position in defense, energy and process, and space markets.

The shares will be registered for resale in a filing Graham said it expects to submit to the SEC within 30 days. As a result of these announcements, the company's shares have moved -8.67% on the market, and are now trading at a price of $78.20. For more information, read the company's full 8-K submission here.

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