Gorman-Rupp (GRC) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GRC shares.
View GRC analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued twelve-month price targets for Gorman-Rupp's stock. Their GRC share price targets range from $40.00 to $40.00. On average, they expect the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for GRC or view top-rated stocks among Wall Street analysts.

Gorman-Rupp's stock was trading at $35.53 at the beginning of the year. Since then, GRC shares have increased by 3.0% and is now trading at $36.58.
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Gorman-Rupp saw a decline in short interest in March. As of March 31st, there was short interest totaling 141,300 shares, a decline of 24.3% from the March 15th total of 186,600 shares. Based on an average daily trading volume, of 66,300 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.7% of the company's shares are short sold.
View Gorman-Rupp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our GRC earnings forecast.

The Gorman-Rupp Company (NYSE:GRC) released its quarterly earnings results on Friday, February, 2nd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. The industrial products company had revenue of $160.57 million for the quarter, compared to analyst estimates of $155.88 million. Gorman-Rupp had a trailing twelve-month return on equity of 10.47% and a net margin of 5.30%. During the same quarter in the previous year, the company posted $0.11 EPS.

Gorman-Rupp announced a quarterly dividend on Friday, January 26th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.18 per share on Friday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for GRC.

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.96%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRC will have a dividend payout ratio of 38.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRC.

ETFs with the largest weight of Gorman-Rupp (NYSE:GRC) stock in their portfolio include IQ U.S. Small Cap ETF (CSML).Invesco Water Resources ETF (PHO).

6 employees have rated Gorman-Rupp Chief Executive Officer Jeffrey S. Gorman on Glassdoor.com. Jeffrey S. Gorman has an approval rating of 100% among the company's employees. This puts Jeffrey S. Gorman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gorman-Rupp investors own include Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Gilead Sciences (GILD), Altria Group (MO), Tanger (SKT), AT&T (T), Verizon Communications (VZ), Amgen (AMGN) and Carnival Co. & (CCL).

Shares of GRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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