Gorman-Rupp (NYSE:GRC) Sets New 1-Year High at $39.59

The Gorman-Rupp Company (NYSE:GRC) hit a new 52-week high during trading on Thursday . The stock traded as high as $39.59 and last traded at $39.57, with a volume of 6426 shares changing hands. The stock had previously closed at $39.31.

Gorman-Rupp Stock Up 0.7 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.35 and a quick ratio of 1.31. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.88 and a beta of 0.92. The business has a fifty day moving average of $36.17 and a 200 day moving average of $33.72.

Gorman-Rupp (NYSE:GRC) last posted its earnings results on Friday, February 2nd. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Gorman-Rupp had a net margin of 5.30% and a return on equity of 10.47%. The firm had revenue of $160.57 million for the quarter, compared to the consensus estimate of $155.88 million. During the same period in the prior year, the business posted $0.11 earnings per share. On average, equities analysts predict that The Gorman-Rupp Company will post 1.58 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.82%. Gorman-Rupp’s dividend payout ratio is 54.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Gorman-Rupp during the second quarter worth approximately $28,000. Clarity Asset Management Inc. acquired a new position in shares of Gorman-Rupp during the fourth quarter worth approximately $42,000. Public Employees Retirement System of Ohio raised its position in Gorman-Rupp by 61.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,327 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 503 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Gorman-Rupp by 209.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Gorman-Rupp during the 2nd quarter worth about $58,000. 59.26% of the stock is owned by institutional investors.

Gorman-Rupp Company Profile

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.