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.
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1 brokers have issued 1-year target prices for Gorman-Rupp's shares. 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 year. This suggests a possible upside of 25.3% 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 2024. Since then, GRC stock has decreased by 10.1% and is now trading at $31.93.
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Gorman-Rupp saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 176,200 shares, an increase of 24.7% from the March 31st total of 141,300 shares. Based on an average daily volume of 76,600 shares, the short-interest ratio is presently 2.3 days. Currently, 0.9% of the shares of the stock are sold short.
View Gorman-Rupp's Short Interest.

The Gorman-Rupp Company (NYSE:GRC) released its quarterly earnings data on Thursday, April, 25th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by $0.05. The industrial products company earned $159.27 million during the quarter, compared to analyst estimates of $168.49 million. Gorman-Rupp had a trailing twelve-month return on equity of 10.47% and a net margin of 5.30%.

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 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend 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 1.97%. 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.

Invesco Water Resources ETF holds 59,471 shares of GRC stock, representing 0.11% of its portfolio.

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).

Gorman-Rupp's stock is owned by many different institutional and retail investors. Top institutional investors include Grace & White Inc. NY (1.32%), Assenagon Asset Management S.A. (0.24%), Toth Financial Advisory Corp (0.06%), Swisher Financial Concepts Inc. (0.02%) and New York State Teachers Retirement System (0.01%). Insiders that own company stock include Christopher H Lake, Christopher H Lake, Jeffrey S Gorman, M Ann Harlan and Scott A King.
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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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