Posted by admin on Jun 13th, 2022
Shares of The Gorman-Rupp Company (NYSE:GRC – Get Rating) reached a new 52-week low during trading on Monday . The company traded as low as $28.13 and last traded at $28.14, with a volume of 2442 shares changing hands. The stock had previously closed at $29.76.
A number of analysts have commented on the stock. TheStreet lowered shares of Gorman-Rupp from a “b-” rating to a “c+” rating in a research note on Wednesday, June 8th. StockNews.com raised shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note on Friday.
The business’s 50 day simple moving average is $31.78 and its 200 day simple moving average is $37.32. The company has a market capitalization of $735.17 million, a PE ratio of 25.24 and a beta of 0.63.
Gorman-Rupp (NYSE:GRC – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $102.17 million during the quarter. Gorman-Rupp had a net margin of 7.65% and a return on equity of 9.97%.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, May 12th. Gorman-Rupp’s dividend payout ratio (DPR) is 59.13%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY increased its holdings in Gorman-Rupp by 5.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 6,183 shares of the industrial products company’s stock worth $221,000 after buying an additional 313 shares during the last quarter. Voya Investment Management LLC increased its holdings in Gorman-Rupp by 5.4% in the third quarter. Voya Investment Management LLC now owns 8,029 shares of the industrial products company’s stock worth $288,000 after buying an additional 410 shares during the last quarter. California State Teachers Retirement System increased its holdings in Gorman-Rupp by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 29,982 shares of the industrial products company’s stock worth $1,336,000 after buying an additional 560 shares during the last quarter. Bell Investment Advisors Inc acquired a new position in Gorman-Rupp in the fourth quarter worth approximately $29,000. Finally, Deutsche Bank AG increased its holdings in Gorman-Rupp by 5.5% in the fourth quarter. Deutsche Bank AG now owns 13,891 shares of the industrial products company’s stock worth $618,000 after buying an additional 722 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.
Gorman-Rupp Company Profile (NYSE:GRC)
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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