Gorman-Rupp Stock Forecast, Price & News

Gorman-Rupp's stock was trading at $29.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GRC shares have increased by 0.6% and is now trading at $29.80.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Gorman-Rupp is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Gorman-Rupp.

Gorman-Rupp Co (NYSE:GRC) announced its quarterly earnings data on Friday, July, 24th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.09. The industrial products company earned $85.81 million during the quarter. Gorman-Rupp had a return on equity of 9.59% and a net margin of 7.89%.
View Gorman-Rupp's earnings history.

Gorman-Rupp declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 14th will be paid a dividend of $0.145 per share on Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 13th.
View Gorman-Rupp's dividend history.

1 Wall Street analysts have issued twelve-month price targets for Gorman-Rupp's shares. Their forecasts range from $41.00 to $41.00. On average, they anticipate Gorman-Rupp's share price to reach $41.00 in the next year. This suggests a possible upside of 37.6% from the stock's current price.
View analysts' price targets for Gorman-Rupp.

Gorman-Rupp saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 367,100 shares, a decline of 15.9% from the July 30th total of 436,500 shares. Based on an average trading volume of 67,900 shares, the days-to-cover ratio is currently 5.4 days. Approximately 2.1% of the shares of the company are short sold.
View Gorman-Rupp's Short Interest.

Some companies that are related to Gorman-Rupp include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO) and ITT (ITT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Gorman-Rupp investors own include Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Altria Group (MO), Tanger Factory Outlet Centers (SKT), AT&T (T), Verizon Communications (VZ), Amgen (AMGN), Carnival (CCL) and Gilead Sciences (GILD).

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

Gorman-Rupp's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.74%), Gabelli Funds LLC (3.32%), Gamco Investors INC. ET AL (1.95%), Grace & White Inc. NY (1.00%), Bank of New York Mellon Corp (0.93%) and ProShare Advisors LLC (0.92%). Company insiders that own Gorman-Rupp stock include Angela M Morehead and Christopher H Lake.
View institutional ownership trends for Gorman-Rupp.

GRC stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., ProShare Advisors LLC, Gamco Investors INC. ET AL, First Trust Advisors LP, Teton Advisors Inc., Nuveen Asset Management LLC, Gabelli Funds LLC, and Mutual of America Capital Management LLC.
View insider buying and selling activity for Gorman-Rupp.

GRC stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Commonwealth Equity Services LLC, Johnson Investment Counsel Inc., Charles Schwab Investment Management Inc., Russell Investments Group Ltd., SG Americas Securities LLC, State Board of Administration of Florida Retirement System, and Swiss National Bank.
View insider buying and selling activity for Gorman-Rupp.

Shares of GRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GRC stock can currently be purchased for approximately $29.80.

Gorman-Rupp has a market capitalization of $777.84 million and generates $398.18 million in revenue each year. Gorman-Rupp employs 1,200 workers across the globe.

The official website for Gorman-Rupp is www.gormanrupp.com.

Gorman-Rupp's mailing address is 600 SOUTH AIRPORT ROAD, MANSFIELD OH, 44903. The industrial products company can be reached via phone at 419-755-1011 or via email at [email protected]