Gorman-Rupp (NYSE:GRC) Hits New 1-Year High - Should You Buy?

Key Points

• Gorman-Rupp's share price reached a new 52-week high of $43.90, showing a 3.2% increase from the previous close of $42.59.
• The company reported $0.60 EPS for the last quarter, exceeding analyst expectations of $0.55, with a revenue of $179.05 million.
• Gorman-Rupp announced a quarterly dividend of $0.185 per share, reflecting a 1.7% dividend yield and a payout ratio of 37.56%.

Gorman-Rupp Company (The) (NYSE:GRC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.79 and last traded at $43.90, with a volume of 28570 shares. The stock had previously closed at $42.59.

Gorman-Rupp Stock Up 3.2%

The company's fifty day moving average price is $40.69 and its 200-day moving average price is $37.77. The stock has a market cap of $1.16 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.59 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 released its earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $179.05 million during the quarter, compared to analyst estimates of $174.60 million. Gorman-Rupp had a net margin of 7.69% and a return on equity of 13.63%. Equities analysts forecast that Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Gorman-Rupp by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,961 shares of the industrial products company's stock worth $292,000 after buying an additional 276 shares during the period. Fisher Asset Management LLC increased its stake in Gorman-Rupp by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 45,626 shares of the industrial products company's stock worth $1,675,000 after buying an additional 312 shares during the period. Jump Financial LLC increased its stake in Gorman-Rupp by 6.3% in the 2nd quarter. Jump Financial LLC now owns 6,440 shares of the industrial products company's stock worth $236,000 after buying an additional 379 shares during the period. Martingale Asset Management L P increased its stake in Gorman-Rupp by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 30,120 shares of the industrial products company's stock worth $1,057,000 after buying an additional 400 shares during the period. Finally, Johnson Investment Counsel Inc. increased its stake in Gorman-Rupp by 1.0% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 48,878 shares of the industrial products company's stock worth $1,795,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 59.26% of the company's stock.

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.

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