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NYSE:GRC

Gorman-Rupp (GRC) Stock Forecast, Price & News

$32.78
-0.12 (-0.36%)
(As of 11:39 AM ET)
Compare
Today's Range
$32.54
$33.00
50-Day Range
$27.94
$33.50
52-Week Range
$22.67
$33.74
Volume
9,698 shs
Average Volume
58,610 shs
Market Capitalization
$858.51 million
P/E Ratio
39.49
Dividend Yield
2.14%
Price Target
$40.00

Gorman-Rupp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.6% Upside
$40.00 Price Target
Short Interest
Healthy
0.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Gorman-Rupp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.34%
From $1.28 to $1.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Industrial Products Sector

69th out of 182 stocks

Pumps & Pumping Equipment Industry

6th out of 7 stocks


GRC stock logo

About Gorman-Rupp (NYSE:GRC) Stock

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. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire supression, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

GRC Price History

GRC Stock News Headlines

Gorman-Rupp (NYSE:GRC) Stock Rating Lowered by StockNews.com
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Gorman-Rupp: A Safe and Reliable Water Utility
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
GRC The Gorman-Rupp Company
Earnings Preview For Gorman-Rupp
Dr. Michael A. Gorman
The Gorman-Rupp Company: Primed For Growth
See More Headlines
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GRC Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 9/8 Dividend
8/14/2023
Dividend Payable
9/08/2023
Today
10/02/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38308210
Employees
1,420
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+22.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$11.19 million
Pretax Margin
4.33%

Debt

Sales & Book Value

Annual Sales
$521.03 million
Cash Flow
$1.81 per share
Book Value
$12.69 per share

Miscellaneous

Free Float
24,308,000
Market Cap
$858.51 million
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. Jeffrey S. Gorman (Age 70)
    Exec. Chairman
    Comp: $530.11k
  • Mr. Scott A. King (Age 48)
    Pres, CEO & Director
    Comp: $899.7k
  • Mr. James C. Kerr (Age 61)
    Exec. VP & CFO
    Comp: $641.07k
  • Ms. Brigette A. Burnell J.D. (Age 47)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $572.72k
  • Ms. Barbara A. Woodman
    VP of HR
  • Ms. Angela M. Morehead
    Treasurer & Assistant Sec.













GRC Stock - Frequently Asked Questions

Should I buy or sell Gorman-Rupp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GRC shares.
View GRC analyst ratings
or view top-rated stocks.

What is Gorman-Rupp's stock price forecast for 2023?

1 Wall Street research analysts have issued 12-month target prices for Gorman-Rupp's stock. Their GRC share price forecasts range from $40.00 to $40.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for GRC
or view top-rated stocks among Wall Street analysts.

How have GRC shares performed in 2023?

Gorman-Rupp's stock was trading at $25.62 at the beginning of 2023. Since then, GRC stock has increased by 27.9% and is now trading at $32.78.
View the best growth stocks for 2023 here
.

Are investors shorting Gorman-Rupp?

Gorman-Rupp saw a drop in short interest in August. As of August 31st, there was short interest totaling 134,100 shares, a drop of 7.1% from the August 15th total of 144,300 shares. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 2.5 days. Approximately 0.6% of the company's stock are sold short.
View Gorman-Rupp's Short Interest
.

When is Gorman-Rupp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our GRC earnings forecast
.

How were Gorman-Rupp's earnings last quarter?

The Gorman-Rupp Company (NYSE:GRC) posted its quarterly earnings data on Friday, July, 28th. The industrial products company reported $0.41 EPS for the quarter. The industrial products company had revenue of $171.02 million for the quarter. Gorman-Rupp had a trailing twelve-month return on equity of 8.11% and a net margin of 3.43%.

How often does Gorman-Rupp pay dividends? What is the dividend yield for Gorman-Rupp?

Gorman-Rupp declared a quarterly dividend on Friday, July 28th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.175 per share on Friday, September 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for GRC
.

What ETFs hold Gorman-Rupp's stock?

ETFs with the largest weight of Gorman-Rupp (NYSE:GRC) stock in their portfolio include SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and IQ U.S. Small Cap ETF (CSML).Invesco Water Resources ETF (PHO).

Is Gorman-Rupp a good dividend stock?

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.70 per share and currently has a dividend yield of 2.13%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 84.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GRC will have a dividend payout ratio of 42.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRC.

What is Jeffrey S. Gorman's approval rating as Gorman-Rupp's CEO?

6 employees have rated Gorman-Rupp Chief Executive Officer Jeffrey S. Gorman on Glassdoor.com. Jeffrey S. Gorman has an approval rating of 100% among the company's employees. This puts Jeffrey S. Gorman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Gorman-Rupp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gorman-Rupp investors own include Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Gilead Sciences (GILD), Altria Group (MO), Tanger Factory Outlet Centers (SKT), AT&T (T), Verizon Communications (VZ), Amgen (AMGN) and Carnival Co. & (CCL).

What is Gorman-Rupp's stock symbol?

Gorman-Rupp trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRC."

How do I buy shares of Gorman-Rupp?

Shares of GRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gorman-Rupp's stock price today?

One share of GRC stock can currently be purchased for approximately $32.78.

How much money does Gorman-Rupp make?

Gorman-Rupp (NYSE:GRC) has a market capitalization of $858.51 million and generates $521.03 million in revenue each year. The industrial products company earns $11.19 million in net income (profit) each year or $0.83 on an earnings per share basis.

How many employees does Gorman-Rupp have?

The company employs 1,420 workers across the globe.

How can I contact Gorman-Rupp?

Gorman-Rupp's mailing address is 600 SOUTH AIRPORT ROAD, MANSFIELD OH, 44903. The official website for the company is www.gormanrupp.com. The industrial products company can be reached via phone at (419) 755-1011, via email at wlknabel@gormanrupp.com, or via fax at 419-755-1263.

This page (NYSE:GRC) was last updated on 10/2/2023 by MarketBeat.com Staff

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