Gorman-Rupp - GRC Stock Forecast, Price & News

1 Wall Street equities research 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 equities research analysts is that investors should "buy" GRC shares.
View GRC analyst ratings or view top-rated stocks.

1 analysts have issued 1 year target prices for Gorman-Rupp's stock. Their GRC share price forecasts range from $46.00 to $46.00. On average, they expect the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 63.4% 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 $44.55 at the beginning of 2022. Since then, GRC shares have decreased by 36.8% and is now trading at $28.15.
View the best growth stocks for 2022 here.

Gorman-Rupp saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 347,200 shares, an increase of 8.5% from the July 15th total of 320,000 shares. Based on an average trading volume of 66,400 shares, the short-interest ratio is currently 5.2 days. Approximately 1.5% of the shares of the stock are short sold.
View Gorman-Rupp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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 EPS for the quarter, beating 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 9.44% and a net margin of 5.24%.

Gorman-Rupp announced a quarterly dividend on Monday, August 1st. Shareholders of record on Monday, August 15th will be given a dividend of $0.17 per share on Friday, September 9th. This represents a $0.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for GRC.

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.45%. 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 80.95%. 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 institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (1.97%), State Street Corp (1.80%), Cooke & Bieler LP (1.64%), Victory Capital Management Inc. (1.32%), King Luther Capital Management Corp (1.31%) and Grace & White Inc. NY (1.14%). Insiders that own company stock include Angela M Morehead, Christopher H Lake and Christopher H Lake.
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 $28.15.

Gorman-Rupp (NYSE:GRC) has a market capitalization of $734.43 million and generates $378.32 million in revenue each year. The industrial products company earns $29.85 million in net income (profit) each year or $0.84 on an earnings per share basis.

The company employs 1,150 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.