Posted by admin on Aug 21st, 2022
The Gorman-Rupp Company (NYSE:GRC – Get Rating) shares reached a new 52-week low during trading on Friday . The company traded as low as $26.64 and last traded at $26.65, with a volume of 353 shares trading hands. The stock had previously closed at $27.38.
A number of research analysts recently commented on GRC shares. TheStreet cut Gorman-Rupp from a “b-” rating to a “c+” rating in a research note on Wednesday, June 8th. StockNews.com raised Gorman-Rupp from a “sell” rating to a “hold” rating in a research note on Thursday.
The firm’s 50-day simple moving average is $28.25 and its 200-day simple moving average is $32.21. 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 firm has a market capitalization of $711.74 million, a PE ratio of 32.48 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders 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 annualized dividend and a yield of 2.49%. Gorman-Rupp’s payout ratio is 80.95%.
Several institutional investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc purchased a new stake in shares of Gorman-Rupp during the fourth quarter worth about $29,000. Quantbot Technologies LP purchased a new stake in shares of Gorman-Rupp during the second quarter worth about $28,000. Tompkins Financial Corp purchased a new stake in shares of Gorman-Rupp during the second quarter worth about $34,000. Kepos Capital LP purchased a new stake in shares of Gorman-Rupp during the fourth quarter worth about $71,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Gorman-Rupp during the first quarter worth about $77,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
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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