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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last twelve months. 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.

1 Wall Street research analysts have issued 12 month price objectives for Gorman-Rupp's shares. Their GRC share price forecasts range from $40.00 to $40.00. On average, they anticipate the company's share price to reach $40.00 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for GRC or view top-rated stocks among Wall Street analysts.

Gorman-Rupp's stock was trading at $25.62 at the beginning of 2023. Since then, GRC shares have increased by 22.5% and is now trading at $31.38.
View the best growth stocks for 2023 here.

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

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

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

Gorman-Rupp announced a quarterly dividend on Friday, July 28th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.175 per share on Friday, September 8th. This represents a $0.70 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for GRC.

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 Chaikin U.S. Small Cap ETF (CSML).Invesco Water Resources ETF (PHO).

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.70 per share and currently has a dividend yield of 2.23%. 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.
Read our dividend analysis for GRC.

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.

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).

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

Gorman-Rupp's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.13%), Dimensional Fund Advisors LP (5.02%), Cooke & Bieler LP (2.17%), Gamco Investors INC. ET AL (2.05%), Mirae Asset Global Investments Co. Ltd. (1.90%) and Geode Capital Management LLC (1.70%). Insiders that own company stock include Angela M Morehead, Christopher H Lake, Christopher H Lake, Jeffrey S Gorman, M Ann Harlan and Scott A King.
View institutional ownership trends.

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.
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One share of GRC stock can currently be purchased for approximately $31.38.

Gorman-Rupp (NYSE:GRC) has a market capitalization of $821.84 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.

The company employs 1,420 workers across the globe.

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.