Gorman-Rupp (NYSE:GRC) Raised to Strong-Buy at StockNews.com

Gorman-Rupp (NYSE:GRC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Gorman-Rupp Trading Down 0.5 %

GRC stock opened at $41.10 on Wednesday. Gorman-Rupp has a 12-month low of $30.47 and a 12-month high of $42.89. The business’s 50-day moving average is $38.63 and its 200 day moving average is $37.36. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.80 and a beta of 0.92.

Institutional Trading of Gorman-Rupp

Several large investors have recently bought and sold shares of GRC. Farther Finance Advisors LLC lifted its stake in Gorman-Rupp by 5,461.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 710 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Gorman-Rupp during the 3rd quarter worth $29,000. nVerses Capital LLC purchased a new position in Gorman-Rupp during the third quarter worth about $31,000. CWM LLC raised its stake in Gorman-Rupp by 76.8% during the second quarter. CWM LLC now owns 921 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 400 shares during the period. Finally, Copeland Capital Management LLC purchased a new stake in shares of Gorman-Rupp in the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 59.26% of the company’s stock.

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.