Two Sigma Advisers LP Purchases 8,900 Shares of The Gorman-Rupp Company (NYSE:GRC)

Two Sigma Advisers LP boosted its position in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,040 shares of the industrial products company's stock after buying an additional 8,900 shares during the quarter. Two Sigma Advisers LP owned 0.22% of Gorman-Rupp worth $2,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Centricity Wealth Management LLC purchased a new position in Gorman-Rupp during the fourth quarter worth $38,000. Aquatic Capital Management LLC boosted its stake in shares of 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 valued at $161,000 after purchasing an additional 1,339 shares during the period. Inceptionr LLC boosted its stake in shares of Gorman-Rupp by 9.5% during the fourth quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 609 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Gorman-Rupp by 880.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,047 shares of the industrial products company's stock valued at $267,000 after purchasing an additional 6,328 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Gorman-Rupp by 362.5% during the fourth quarter. Point72 Asset Management L.P. now owns 7,400 shares of the industrial products company's stock valued at $281,000 after purchasing an additional 5,800 shares during the period. 59.26% of the stock is owned by hedge funds and other institutional investors.

Gorman-Rupp Trading Up 0.1%

Shares of GRC traded up $0.04 during trading hours on Monday, reaching $36.54. 68,285 shares of the company traded hands, compared to its average volume of 78,343. The firm has a market cap of $960.78 million, a price-to-earnings ratio of 23.88, a PEG ratio of 1.54 and a beta of 1.20. The Gorman-Rupp Company has a 12-month low of $30.87 and a 12-month high of $43.79. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average price is $35.54 and its 200 day moving average price is $37.64.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The firm had revenue of $163.95 million during the quarter, compared to analyst estimates of $164.84 million. Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. Sell-side analysts forecast that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.185 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.74 annualized dividend and a dividend yield of 2.03%. Gorman-Rupp's payout ratio is currently 43.79%.

Analyst Ratings Changes

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

Gorman-Rupp 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.