Teton Advisors Inc. Has $1.86 Million Stock Position in The Gorman-Rupp Company (NYSE:GRC)

Teton Advisors Inc. decreased its position in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,000 shares of the industrial products company's stock after selling 11,000 shares during the period. Gorman-Rupp makes up 1.0% of Teton Advisors Inc.'s portfolio, making the stock its 26th largest position. Teton Advisors Inc. owned approximately 0.19% of Gorman-Rupp worth $1,858,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Gorman-Rupp by 8.2% during the fourth quarter. Barclays PLC now owns 37,635 shares of the industrial products company's stock worth $1,427,000 after purchasing an additional 2,858 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Gorman-Rupp during the 4th quarter worth about $1,100,000. Wells Fargo & Company MN boosted its stake in shares of Gorman-Rupp by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 126,363 shares of the industrial products company's stock worth $4,792,000 after buying an additional 2,538 shares during the last quarter. ExodusPoint Capital Management LP grew its holdings in shares of Gorman-Rupp by 133.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 16,389 shares of the industrial products company's stock valued at $621,000 after acquiring an additional 9,354 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Gorman-Rupp by 24.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,729 shares of the industrial products company's stock valued at $483,000 after acquiring an additional 2,464 shares during the last quarter. 59.26% of the stock is owned by institutional investors.

Gorman-Rupp Stock Performance

NYSE GRC traded down $0.00 on Friday, hitting $33.47. 51,961 shares of the stock were exchanged, compared to its average volume of 85,277. The company has a market capitalization of $877.75 million, a PE ratio of 21.87, a P/E/G ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The business's fifty day moving average is $36.26 and its 200 day moving average is $38.21. The Gorman-Rupp Company has a 52 week low of $30.47 and a 52 week high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same quarter last year, the company earned $0.34 earnings per share. Research analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.185 per share. The ex-dividend date was Friday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 2.21%. Gorman-Rupp's dividend payout ratio is currently 48.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 25th.

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.