Gorman-Rupp (NYSE:GRC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Gorman-Rupp Company (The) (NYSE:GRC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $51.92 and traded as high as $61.92. Gorman-Rupp shares last traded at $60.3410, with a volume of 118,387 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen upgraded Gorman-Rupp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “buy (b)” rating on shares of Gorman-Rupp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Gorman-Rupp Price Performance

The firm has a market capitalization of $1.59 billion, a P/E ratio of 30.02, a PEG ratio of 2.04 and a beta of 1.27. The company has a fifty day moving average of $61.09 and a 200 day moving average of $51.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.37 and a quick ratio of 1.39.

Gorman-Rupp (NYSE:GRC) last released its quarterly earnings results on Friday, February 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.12. Gorman-Rupp had a net margin of 7.77% and a return on equity of 14.06%. The firm had revenue of $166.57 million during the quarter, compared to analyst estimates of $167.08 million. Sell-side analysts predict that Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. Gorman-Rupp’s dividend payout ratio is 37.81%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Huntington National Bank acquired a new position in shares of Gorman-Rupp in the 4th quarter valued at about $31,000. NewEdge Advisors LLC grew its stake in Gorman-Rupp by 130.7% during the fourth quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 379 shares during the period. Osaic Holdings Inc. increased its holdings in 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in Gorman-Rupp in the third quarter worth approximately $65,000. Finally, CWM LLC lifted 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 valued at $67,000 after buying an additional 464 shares during the period. 59.26% of the stock is owned by institutional investors.

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.