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

1 Wall Street equities research 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 equities research analysts is that investors should "buy" GRC shares.
View GRC analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12 month target prices for Gorman-Rupp's stock. Their GRC share price targets range from $40.00 to $40.00. On average, they anticipate the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 8.6% 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 shares have increased by 3.7% and is now trading at $36.84.
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Gorman-Rupp saw a decline in short interest in the month of 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. Currently, 0.7% of the company's stock 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 data on Friday, February, 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The industrial products company earned $160.57 million during the quarter, compared to analysts' expectations 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 business earned $0.11 earnings per share.

Gorman-Rupp announced a quarterly dividend on Friday, January 26th. Stockholders 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 1.95%. 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 2.00%. 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 retail and institutional investors. Top institutional investors include Toth Financial Advisory Corp (0.06%). 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.

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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