Gorman-Rupp (NYSE:GRC) Earns Buy (B) Rating from Weiss Ratings

Gorman-Rupp (NYSE:GRC)‘s stock had its “buy (b)” rating reiterated by Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen cut Gorman-Rupp from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Gorman-Rupp Trading Down 5.6%

NYSE GRC opened at $46.39 on Friday. The stock’s 50-day simple moving average is $44.56 and its two-hundred day simple moving average is $39.90. Gorman-Rupp has a twelve month low of $30.87 and a twelve month high of $49.24. The company has a quick ratio of 1.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.76 and a beta of 1.22.

Gorman-Rupp (NYSE:GRC) last released its quarterly earnings results on Friday, October 24th. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gorman-Rupp had a net margin of 7.41% and a return on equity of 13.67%. The firm had revenue of $172.83 million for the quarter, compared to analysts’ expectations of $174.61 million. Research analysts forecast that Gorman-Rupp will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GRC. State of Alaska Department of Revenue bought a new stake in shares of Gorman-Rupp in the third quarter worth about $65,000. CWM LLC grew its stake in shares of Gorman-Rupp by 47.0% in the third quarter. CWM LLC now owns 1,452 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 464 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Gorman-Rupp by 125.0% in the second quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 939 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Gorman-Rupp by 135.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,180 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Gorman-Rupp in the third quarter worth about $108,000. 59.26% of the stock is owned by institutional investors.

About Gorman-Rupp

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.