Oberweis Asset Management Inc. Boosts Stock Position in The Gorman-Rupp Company (NYSE:GRC)

Oberweis Asset Management Inc. grew its stake in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,400 shares of the industrial products company's stock after buying an additional 14,500 shares during the period. Oberweis Asset Management Inc. owned 0.32% of Gorman-Rupp worth $3,163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GRC. Price T Rowe Associates Inc. MD boosted its stake in shares of Gorman-Rupp by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,646 shares of the industrial products company's stock worth $745,000 after purchasing an additional 1,301 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 worth $267,000 after buying an additional 6,328 shares during the period. Dimensional Fund Advisors LP boosted its stake in Gorman-Rupp by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,345,454 shares of the industrial products company's stock worth $51,020,000 after buying an additional 3,574 shares during the last quarter. Barclays PLC grew its holdings in Gorman-Rupp by 8.2% in the 4th quarter. Barclays PLC now owns 37,635 shares of the industrial products company's stock valued at $1,427,000 after buying an additional 2,858 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Gorman-Rupp during the 4th quarter valued at about $1,100,000. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Trading Down 0.3 %

Shares of GRC stock traded down $0.10 during mid-day trading on Wednesday, reaching $35.91. The company's stock had a trading volume of 17,715 shares, compared to its average volume of 82,259. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $941.85 million, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The company's 50 day simple moving average is $35.67 and its 200-day simple moving average is $38.01. The Gorman-Rupp Company has a 12-month low of $30.87 and a 12-month high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. The company had revenue of $163.95 million for the quarter, compared to analyst estimates of $164.84 million. On average, research analysts predict that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.06%. Gorman-Rupp's payout ratio is currently 43.79%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.