Gorman-Rupp (NYSE:GRC) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Gorman-Rupp's stock received a buy (B) rating from Weiss Ratings, indicating positive sentiment from analysts.
• The company reported a quarterly EPS of $0.60, exceeding analyst expectations of $0.55, with revenues reaching $179.05 million.
• Institutional investors hold 59.26% of Gorman-Rupp's stock, showcasing strong interest and confidence in the company's performance.

Gorman-Rupp (NYSE:GRC - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Gorman-Rupp Trading Down 0.2%

NYSE GRC opened at $46.09 on Wednesday. Gorman-Rupp has a 12 month low of $30.87 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.39 and a quick ratio of 1.39. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. The company's fifty day moving average price is $43.43 and its two-hundred day moving average price is $38.83.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in shares of Gorman-Rupp in the 1st quarter worth about $45,000. Osaic Holdings Inc. increased its holdings in shares of Gorman-Rupp by 125.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company's stock worth $62,000 after acquiring an additional 939 shares during the period. Tower Research Capital LLC TRC increased its stake in Gorman-Rupp by 135.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company's stock valued at $75,000 after buying an additional 1,180 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Gorman-Rupp during the 3rd quarter worth about $108,000. Finally, Quantbot Technologies LP lifted its stake in shares of Gorman-Rupp by 42.3% in the 1st quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company's stock worth $106,000 after acquiring an additional 896 shares during the period. 59.26% of the stock is currently owned by institutional investors.

About Gorman-Rupp

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.

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