Posted by admin on Aug 21st, 2022
Aaron Wealth Advisors LLC acquired a new stake in The Gorman-Rupp Company (NYSE:GRC – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,474 shares of the industrial products company’s stock, valued at approximately $710,000. Aaron Wealth Advisors LLC owned 0.10% of Gorman-Rupp at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Lbmc Investment Advisors LLC boosted its stake in Gorman-Rupp by 8,757.4% during the fourth quarter. Lbmc Investment Advisors LLC now owns 61,116 shares of the industrial products company’s stock worth $2,723,000 after acquiring an additional 60,426 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gorman-Rupp by 22.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 418,149 shares of the industrial products company’s stock worth $18,629,000 after buying an additional 76,787 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Gorman-Rupp in the fourth quarter worth approximately $110,000. Strs Ohio lifted its stake in shares of Gorman-Rupp by 73.5% in the first quarter. Strs Ohio now owns 8,500 shares of the industrial products company’s stock worth $304,000 after buying an additional 3,600 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Gorman-Rupp in the first quarter worth approximately $2,271,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.
Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Gorman-Rupp from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet downgraded shares of Gorman-Rupp from a “b-” rating to a “c+” rating in a research note on Wednesday, June 8th.
Shares of Gorman-Rupp stock opened at $27.28 on Friday. The company has a market cap of $711.74 million, a price-to-earnings ratio of 32.48 and a beta of 0.64. The company’s 50 day moving average is $28.25 and its 200 day moving average is $32.21. The Gorman-Rupp Company has a twelve month low of $26.58 and a twelve month high of $47.12. The company has a quick ratio of 1.33, a current ratio of 2.42 and a debt-to-equity ratio of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. Gorman-Rupp’s dividend payout ratio (DPR) is 80.95%.
The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.
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