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Gorman-Rupp (NYSE:GRC - Get Rating) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Monday.
Separately, TheStreet cut shares of Gorman-Rupp from a "b-" rating to a "c+" rating in a research report on Wednesday, June 8th.Gorman-Rupp Stock Up 0.5 %
Shares of GRC traded up $0.13 during trading on Monday, reaching $28.72. 30,975 shares of the company traded hands, compared to its average volume of 71,638. Gorman-Rupp has a twelve month low of $26.83 and a twelve month high of $47.12. The stock has a market cap of $748.99 million, a PE ratio of 24.97 and a beta of 0.63. The stock has a 50-day simple moving average of $28.53 and a 200-day simple moving average of $33.77.
Gorman-Rupp (NYSE:GRC - Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The industrial products company reported $0.34 earnings per share for the quarter. Gorman-Rupp had a net margin of 7.65% and a return on equity of 9.97%. The business had revenue of $102.17 million during the quarter. Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in shares of Gorman-Rupp in the 4th quarter valued at $29,000. Tompkins Financial Corp acquired a new position in shares of Gorman-Rupp in the 2nd quarter valued at $34,000. Kepos Capital LP acquired a new position in shares of Gorman-Rupp in the 4th quarter valued at $71,000. Acadian Asset Management LLC acquired a new position in shares of Gorman-Rupp in the 1st quarter valued at $77,000. Finally, Amalgamated Bank acquired a new position in shares of Gorman-Rupp in the 1st quarter valued at $105,000. Hedge funds and other institutional investors own 55.88% of the company's stock. About Gorman-Rupp (Get Rating)
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.See AlsoGet a free copy of the StockNews.com research report on Gorman-Rupp (GRC)What Investors Need to Know to Beat the MarketAlcoa Is Well-Positioned For 2022 and 2023Why Amazon and Alphabet are Post-Split BuysBig Lots Stock is a Value Play at These Levels Schlumberger: Another Reason To Bet On An Oil-Services Rebound
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