Aurora Private Wealth Inc. Purchases Shares of 35,942 Gorman-Rupp Company (The) (NYSE:GRC)

Aurora Private Wealth Inc. purchased a new position in Gorman-Rupp Company (The) (NYSE:GRC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,942 shares of the industrial products company's stock, valued at approximately $1,262,000. Aurora Private Wealth Inc. owned approximately 0.14% of Gorman-Rupp at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Gorman-Rupp in the 1st quarter worth $45,000. Central Pacific Bank Trust Division bought a new position in shares of Gorman-Rupp in the 1st quarter worth $53,000. Aquatic Capital Management LLC raised its position in shares of Gorman-Rupp by 46.2% in the 4th quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock worth $161,000 after acquiring an additional 1,339 shares in the last quarter. Swisher Financial Concepts Inc. bought a new position in shares of Gorman-Rupp in the 1st quarter worth $205,000. Finally, GAMMA Investing LLC raised its position in shares of Gorman-Rupp by 4,451.0% in the 1st quarter. GAMMA Investing LLC now owns 6,599 shares of the industrial products company's stock worth $232,000 after acquiring an additional 6,454 shares in the last quarter. 59.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 25th.

Gorman-Rupp Stock Up 1.6%

NYSE:GRC traded up $0.61 during mid-day trading on Friday, hitting $38.75. 30,232 shares of the company's stock traded hands, compared to its average volume of 70,904. The company has a fifty day moving average of $36.88 and a 200 day moving average of $36.87. Gorman-Rupp Company has a twelve month low of $30.87 and a twelve month high of $43.79. The company has a market capitalization of $1.02 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.42.

Gorman-Rupp (NYSE:GRC - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Gorman-Rupp had a return on equity of 13.57% and a net margin of 6.68%. The company had revenue of $163.95 million for the quarter, compared to analyst estimates of $164.84 million. On average, analysts forecast that Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, May 15th. Gorman-Rupp's dividend payout ratio is currently 43.79%.

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.