Gorman-Rupp (NYSE:GRC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Gorman-Rupp Company (The) (NYSE:GRC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.00 and traded as high as $64.54. Gorman-Rupp shares last traded at $64.0210, with a volume of 117,228 shares changing hands.

Wall Street Analysts Forecast Growth

GRC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gorman-Rupp in a report on Thursday, January 22nd. Wall Street Zen upgraded Gorman-Rupp from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Gorman-Rupp presently has an average rating of “Buy”.

Gorman-Rupp Price Performance

The company has a 50-day simple moving average of $56.27 and a two-hundred day simple moving average of $49.00. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.08 and a quick ratio of 1.25.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.12. Gorman-Rupp had a net margin of 7.77% and a return on equity of 14.24%. The firm had revenue of $166.57 million for the quarter, compared to the consensus estimate of $167.08 million. On average, equities research analysts predict that Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. Gorman-Rupp’s dividend payout ratio is 37.81%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of Gorman-Rupp by 23.1% in the fourth quarter. Invesco Ltd. now owns 95,126 shares of the industrial products company’s stock worth $4,542,000 after purchasing an additional 17,867 shares in the last quarter. Summit Global Investments acquired a new stake in Gorman-Rupp in the fourth quarter worth about $202,000. EP Wealth Advisors LLC bought a new position in Gorman-Rupp in the 4th quarter valued at about $268,000. NewEdge Advisors LLC increased its stake in Gorman-Rupp by 130.7% during the 4th quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $32,000 after buying an additional 379 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Gorman-Rupp by 280.6% during the 4th quarter. Janus Henderson Group PLC now owns 34,691 shares of the industrial products company’s stock worth $1,657,000 after buying an additional 25,577 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.

Gorman-Rupp Company Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.