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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
New gold-backed currency could kill the Dollar (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
New gold-backed currency could kill the Dollar (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
New gold-backed currency could kill the Dollar (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NYSE:GRC

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

$31.60
+0.19 (+0.60%)
(As of 09/25/2023 ET)
Compare
Today's Range
$31.31
$31.88
50-Day Range
$27.94
$33.50
52-Week Range
$22.67
$33.74
Volume
35,447 shs
Average Volume
58,730 shs
Market Capitalization
$827.60 million
P/E Ratio
38.07
Dividend Yield
2.22%
Price Target
$40.00

Gorman-Rupp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.6% Upside
$40.00 Price Target
Short Interest
Healthy
0.59% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Gorman-Rupp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.54 out of 5 stars

Industrial Products Sector

66th out of 178 stocks

Pumps & Pumping Equipment Industry

6th out of 8 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: A Safe and Reliable Water Utility
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
GRC The Gorman-Rupp Company
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Earnings Preview For Gorman-Rupp
Dr. Michael A. Gorman
The Gorman-Rupp Company: Primed For Growth
Dr. Mark C. Gorman
Steve Gorman
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
9/25/2023
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
+27.5%
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
$821.84 million
Optionable
Optionable
Beta
0.85
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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 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.

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

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.

How have GRC shares performed in 2023?

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
.

Are investors shorting Gorman-Rupp?

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
.

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) 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%.

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

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
.

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 Chaikin 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 2.23%. 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.

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."

Who are Gorman-Rupp's major shareholders?

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
.

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 $31.38.

How much money does Gorman-Rupp make?

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.

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 9/26/2023 by MarketBeat.com Staff

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