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NYSE:GRC

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

$39.44
+0.13 (+0.33%)
(As of 11:24 AM ET)
Today's Range
$39.18
$39.44
50-Day Range
$32.49
$39.38
52-Week Range
$23.22
$39.46
Volume
4,587 shs
Average Volume
64,818 shs
Market Capitalization
$1.03 billion
P/E Ratio
29.65
Dividend Yield
1.83%
Price Target
$40.00

Gorman-Rupp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.7% Upside
$40.00 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.45mentions of Gorman-Rupp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.35%
From $1.58 to $1.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.58 out of 5 stars

Industrial Products Sector

96th out of 172 stocks

Pumps & Pumping Equipment Industry

5th out of 6 stocks

GRC stock logo

About Gorman-Rupp Stock (NYSE:GRC)

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. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning, military, and other liquid-handling applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and e-commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

GRC Stock Price History

GRC Stock News Headlines

Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
Gorman-Rupp Co GRC
The Gorman-Rupp Company (GO4.F)
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Gorman-Rupp (NYSE:GRC) Will Pay A Dividend Of $0.18
Gorman-Rupp: Q4 Earnings Insights
Gorman-Rupp: Good Execution, Steep Price
The Gorman-Rupp Co (GRC) Company: A Short SWOT Analysis
Gorman-Rupp Co (GRC) Reports Q3 2023 Financial Results
Gorman-Rupp raises dividend by 3% to $0.18
Gorman-Rupp Company Q3 Net Income Rises; Net Sales Up 8.9%
Gorman-Rupp Reports Third Quarter 2023 Financial Results
See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 3/8 Dividend
2/14/2024
Dividend Payable
3/08/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38308210
Employees
1,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+1.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$34.95 million
Pretax Margin
6.67%

Debt

Sales & Book Value

Annual Sales
$659.51 million
Cash Flow
$2.62 per share
Book Value
$13.34 per share

Miscellaneous

Free Float
24,278,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
0.92
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Key Executives

  • Mr. Jeffrey S. Gorman (Age 71)
    Executive Chairman of the Board
    Comp: $530.11k
  • Mr. Scott A. King (Age 49)
    President, CEO & Director
    Comp: $899.7k
  • Mr. James C. Kerr (Age 62)
    Executive VP & CFO
    Comp: $641.07k
  • Ms. Brigette A. Burnell J.D. (Age 48)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $572.72k
  • Ms. Barbara A. Woodman
    Vice President of Human Resources
  • Ms. Angela M. Morehead
    Treasurer & Assistant Secretary

GRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Gorman-Rupp stock right now?

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

What is Gorman-Rupp's stock price target for 2024?

1 brokerages have issued twelve-month 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 stock price to reach $40.00 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
View analysts price targets for GRC
or view top-rated stocks among Wall Street analysts.

How have GRC shares performed in 2024?

Gorman-Rupp's stock was trading at $35.53 at the beginning of 2024. Since then, GRC stock has increased by 10.7% and is now trading at $39.33.
View the best growth stocks for 2024 here
.

Are investors shorting Gorman-Rupp?

Gorman-Rupp saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 186,600 shares, an increase of 40.8% from the February 29th total of 132,500 shares. Based on an average daily trading volume, of 63,900 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.9% of the shares of the stock are short sold.
View Gorman-Rupp's Short Interest
.

When is Gorman-Rupp's next earnings date?

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

How were Gorman-Rupp's earnings last quarter?

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

How often does Gorman-Rupp pay dividends? What is the dividend yield for Gorman-Rupp?

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 yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for GRC
.

Is Gorman-Rupp a good dividend stock?

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.87%. 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.

What ETFs hold Gorman-Rupp's stock?

ETFs with the largest weight of Gorman-Rupp (NYSE:GRC) stock in their portfolio include SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and IQ Chaikin U.S. Small Cap ETF (CSML).Invesco Water Resources ETF (PHO).

What is Jeffrey S. Gorman's approval rating as Gorman-Rupp's CEO?

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.

What other stocks do shareholders of Gorman-Rupp own?

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).

Who are Gorman-Rupp's major shareholders?

Gorman-Rupp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.75%), Vanguard Group Inc. (8.74%), Dimensional Fund Advisors LP (5.05%), Gabelli Funds LLC (3.04%), Cooke & Bieler LP (2.14%) and Mirae Asset Global Investments Co. Ltd. (2.06%). Insiders that own company stock include Christopher H Lake, Christopher H Lake, Jeffrey S Gorman, M Ann Harlan and Scott A King.
View institutional ownership trends
.

How do I buy shares of Gorman-Rupp?

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.
Compare Top Brokerages Here.

This page (NYSE:GRC) was last updated on 3/28/2024 by MarketBeat.com Staff

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