News coverage about Gorman-Rupp (NYSE:GRC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gorman-Rupp earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.9124346105013 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, Sidoti upgraded shares of Gorman-Rupp from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Monday, March 5th.
Shares of Gorman-Rupp traded down $0.19, reaching $35.40, during mid-day trading on Thursday, according to MarketBeat. 2,029 shares of the company were exchanged, compared to its average volume of 104,497. The stock has a market cap of $919.74 million, a PE ratio of 25.72 and a beta of 1.09. Gorman-Rupp has a twelve month low of $24.45 and a twelve month high of $35.88.
Gorman-Rupp (NYSE:GRC) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $96.60 million during the quarter, compared to analysts’ expectations of $97.23 million. Gorman-Rupp had a net margin of 8.11% and a return on equity of 11.01%. Gorman-Rupp’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Tuesday, May 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, May 14th.
In other news, Director Christopher H. Lake sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $33.24, for a total transaction of $49,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.40% of the company’s stock.
The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. 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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