Gorman-Rupp (NYSE:GRC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Gorman-Rupp Company (The) (NYSE:GRC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $51.92 and traded as high as $61.92. Gorman-Rupp shares last traded at $60.3410, with a volume of 118,387 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Gorman-Rupp in a research report on Thursday, January 22nd. Wall Street Zen upgraded Gorman-Rupp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Gorman-Rupp presently has an average rating of “Buy”.

Gorman-Rupp Stock Performance

The company has a current ratio of 2.37, a quick ratio of 1.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 2.06 and a beta of 1.26. The stock has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $52.14.

Gorman-Rupp (NYSE:GRC) last released its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $166.57 million during the quarter, compared to the consensus estimate of $167.08 million. Gorman-Rupp had a return on equity of 14.06% and a net margin of 7.77%. Analysts predict that Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. Gorman-Rupp’s dividend payout ratio is 37.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in Gorman-Rupp by 3.2% in the fourth quarter. Cerity Partners LLC now owns 4,776 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 150 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Gorman-Rupp by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 4,872 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 163 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Gorman-Rupp by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,370 shares of the industrial products company’s stock valued at $2,166,000 after purchasing an additional 203 shares during the period. D.A. Davidson & CO. lifted its stake in Gorman-Rupp by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 6,706 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 229 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Gorman-Rupp by 8.5% in the 3rd quarter. SG Americas Securities LLC now owns 3,443 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.

Gorman-Rupp Company Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.