Gorman-Rupp (NYSE:GRC) Rating Increased to Buy at Wall Street Zen

Gorman-Rupp (NYSE:GRC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Gorman-Rupp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Gorman-Rupp currently has a consensus rating of “Buy”.

Gorman-Rupp Trading Up 0.6%

Shares of GRC stock opened at $46.27 on Friday. The firm has a fifty day moving average of $45.75 and a 200-day moving average of $41.86. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.76 and a beta of 1.29. Gorman-Rupp has a 52-week low of $30.87 and a 52-week high of $49.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.08.

Gorman-Rupp (NYSE:GRC) last posted its 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 13.49%. The business had revenue of $172.83 million during the quarter, compared to the consensus estimate of $174.61 million. On average, equities research analysts forecast that Gorman-Rupp will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Gorman-Rupp during the 3rd quarter worth approximately $65,000. CWM LLC boosted its stake in 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 in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Gorman-Rupp by 125.0% during 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 holdings in shares of Gorman-Rupp by 135.2% during 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. acquired a new stake in shares of Gorman-Rupp in the third quarter valued at $108,000. 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.