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NYSE:GRC

Gorman-Rupp - GRC Stock Forecast, Price & News

$28.88
+0.73 (+2.59%)
(As of 08/16/2022 02:03 PM ET)
Add
Compare
Today's Range
$28.18
$28.88
50-Day Range
$27.07
$31.03
52-Week Range
$26.83
$47.12
Volume
693 shs
Average Volume
52,029 shs
Market Capitalization
$753.48 million
P/E Ratio
34.38
Dividend Yield
2.45%
Price Target
$46.00

Gorman-Rupp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
62.7% Upside
$46.00 Price Target
Short Interest
Bearish
1.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-1.30mentions 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.

2.00 out of 5 stars

Industrial Products Sector

124th out of 189 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 protection, 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.

Analysts Set New Price Targets

Several research firms have recently commented on GRC. TheStreet cut shares of Gorman-Rupp from a "b-" rating to a "c+" rating in a report on Wednesday, June 8th. StockNews.com cut shares of Gorman-Rupp from a "hold" rating to a "sell" rating in a report on Wednesday, August 10th.

Gorman-Rupp Stock Up 1.2 %

GRC Stock opened at $28.15 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.33 and a debt-to-equity ratio of 1.27. Gorman-Rupp has a 1 year low of $26.83 and a 1 year high of $47.12. The company has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $32.51. The firm has a market cap of $734.43 million, a PE ratio of 33.51 and a beta of 0.64.

Gorman-Rupp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be paid a $0.17 dividend. 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. Gorman-Rupp's payout ratio is presently 80.95%.

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GRC Stock News Headlines

StockNews.com Downgrades Gorman-Rupp (NYSE:GRC) to Hold
StockNews.com Upgrades Gorman-Rupp (NYSE:GRC) to "Strong-Buy"
Is Gorman-Rupp a Good Dividend Stock to Own?
Gorman-Rupp declares $0.17 dividend
Where Do Hedge Funds Stand On HCI Group Inc (HCI)?
Return Trends At Gorman-Rupp (NYSE:GRC) Aren't Appealing
See More Headlines
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GRC Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/10 Dividend
5/12/2022
Dividend Payable
6/10/2022
Ex-Dividend for 9/9 Dividend
8/12/2022
Today
8/16/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38308210
Employees
1,150
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$46.00
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+59.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$29.85 million
Pretax Margin
6.54%

Debt

Sales & Book Value

Annual Sales
$378.32 million
Cash Flow
$1.73 per share
Book Value
$12.63 per share

Miscellaneous

Free Float
24,216,000
Market Cap
$753.48 million
Optionable
Optionable
Beta
0.64

Key Executives

  • Mr. Jeffrey S. Gorman (Age 69)
    Exec. Chairman
    Comp: $703.04k
  • Mr. Scott A. King (Age 47)
    Pres, CEO & Director
    Comp: $569.7k
  • Mr. James C. Kerr (Age 60)
    Exec. VP & CFO
    Comp: $523.49k
  • Ms. Brigette A. Burnell J.D. (Age 46)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $451.86k
  • 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 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.

What is Gorman-Rupp's stock price forecast for 2022?

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.

How have GRC shares performed in 2022?

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
.

Are investors shorting Gorman-Rupp?

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
.

When is Gorman-Rupp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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 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%.

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

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
.

Is Gorman-Rupp a good dividend stock?

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.

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 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
.

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 $28.15.

How much money does Gorman-Rupp make?

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.

How many employees does Gorman-Rupp have?

The company employs 1,150 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 8/16/2022 by MarketBeat.com Staff

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