12,500 Shares in Gorman-Rupp Company (The) $GRC Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 12,500 shares of Gorman-Rupp Company, investing approximately $439,000 in the first quarter, highlighting increased institutional interest in the company.
• Gorman-Rupp reported earnings of $0.60 per share for the last quarter, exceeding estimates and achieving revenue of $179.05 million, indicating strong financial performance.
• The company recently declared a quarterly dividend of $0.185, with an annual yield of 1.7%, reflecting its commitment to returning value to shareholders.

Jacobs Levy Equity Management Inc. acquired a new stake in Gorman-Rupp Company (The) (NYSE:GRC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,500 shares of the industrial products company's stock, valued at approximately $439,000.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Gorman-Rupp by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,329 shares of the industrial products company's stock valued at $468,000 after purchasing an additional 1,093 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Gorman-Rupp during the 1st quarter worth approximately $45,000. GAMMA Investing LLC lifted its stake in shares of Gorman-Rupp by 4,451.0% during 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 during the last quarter. Jump Financial LLC bought a new stake in Gorman-Rupp during the 1st quarter valued at $213,000. Finally, Aurora Private Wealth Inc. bought a new stake in Gorman-Rupp during the 1st quarter valued at $1,262,000. 59.26% of the stock is owned by institutional investors.

Gorman-Rupp Stock Up 0.6%

NYSE GRC traded up $0.26 on Monday, reaching $43.22. 51,754 shares of the stock traded hands, compared to its average volume of 56,106. Gorman-Rupp Company has a 12 month low of $30.87 and a 12 month high of $43.98. The company has a fifty day moving average price of $40.99 and a 200-day moving average price of $37.87. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.39.

Gorman-Rupp (NYSE:GRC - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Gorman-Rupp had a return on equity of 13.63% and a net margin of 7.69%.The business had revenue of $179.05 million for the quarter, compared to the consensus estimate of $174.60 million. As a group, research analysts forecast that Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.185 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. Gorman-Rupp's dividend payout ratio (DPR) is currently 37.56%.

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.