35,942 Shares in Gorman-Rupp Company (The) (NYSE:GRC) Purchased by Aurora Private Wealth Inc.

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Gorman-Rupp during the first quarter worth $45,000. Central Pacific Bank Trust Division bought a new position in Gorman-Rupp during the first quarter worth about $53,000. Aquatic Capital Management LLC increased its position in Gorman-Rupp by 46.2% during the fourth 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 during the period. Swisher Financial Concepts Inc. acquired a new stake in Gorman-Rupp in the 1st quarter worth about $205,000. Finally, GAMMA Investing LLC boosted its holdings in 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 valued at $232,000 after purchasing an additional 6,454 shares during the period. 59.26% of the stock is owned by institutional investors.

Gorman-Rupp Price Performance

Shares of NYSE GRC traded up $0.07 during midday trading on Friday, reaching $37.14. The company's stock had a trading volume of 105,624 shares, compared to its average volume of 71,105. 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 Company has a fifty-two week low of $30.87 and a fifty-two week high of $43.79. The business's 50 day moving average price is $36.52 and its two-hundred day moving average price is $36.90. The company has a market cap of $976.28 million, a P/E ratio of 21.97, a P/E/G ratio of 1.43 and a beta of 1.19.

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

Gorman-Rupp Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.74 annualized dividend and a yield of 1.99%. Gorman-Rupp's dividend payout ratio is 43.79%.

Analyst Upgrades and Downgrades

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

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.