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

Gorman-Rupp's stock was trading at $25.62 at the beginning of 2023. Since then, GRC shares have decreased by 2.8% and is now trading at $24.89.
View the best growth stocks for 2023 here.

Gorman-Rupp saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 204,700 shares, an increase of 10.4% from the April 15th total of 185,500 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is currently 3.3 days. Currently, 0.9% of the company's shares are short sold.
View Gorman-Rupp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our GRC earnings forecast.

The Gorman-Rupp Company (NYSE:GRC) posted its quarterly earnings data on Thursday, October, 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The industrial products company had revenue of $102.11 million for the quarter. Gorman-Rupp had a trailing twelve-month return on equity of 6.96% and a net margin of 1.76%.

Gorman-Rupp declared a quarterly dividend on Friday, April 28th. Investors of record on Monday, May 15th will be paid a dividend of $0.175 per share on Friday, June 9th. This represents a $0.70 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, May 12th.
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), Global X U.S. Infrastructure Development ETF (PAVE), 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 2.81%. 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 179.49%. 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.68%), Dimensional Fund Advisors LP (5.12%), Mechanics Financial Corp (3.95%), Gabelli Funds LLC (3.05%), Cooke & Bieler LP (2.08%) and Gamco Investors INC. ET AL (2.03%). 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.
Compare Top Brokerages Here.

One share of GRC stock can currently be purchased for approximately $24.89.

Gorman-Rupp (NYSE:GRC) has a market capitalization of $651.62 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 $0.39 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.