NYSE:GRC

Gorman-Rupp - GRC Stock Forecast, Price & News

$24.12

-0.63 (-2.55%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $23.88
▼
$24.62
50-Day Range: $24.12
▼
$31.03
52-Week Range: $23.68
▼
$47.12

Volume: 50,903 shs
Average Volume: 71,694 shs
Market Capitalization: $629.41 million

P/E Ratio: 28.71
Dividend Yield: 2.75%
Price Target: $46.00

Gorman-Rupp MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 90.7% Upside
$46.00 Price Target
Short Interest: Bearish
1.77% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$225,205 Bought Last Quarter
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.

2.15 out of 5 stars

Industrial Products Sector

129th out of 185 stocks

Pumps & Pumping Equipment Industry

7th out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
Gorman-Rupp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $46.00, Gorman-Rupp has a forecasted upside of 90.7% from its current price of $24.12.
Amount of Analyst Coverage
Gorman-Rupp has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.77% of the float of Gorman-Rupp has been sold short.
Short Interest Ratio / Days to Cover
Gorman-Rupp has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Gorman-Rupp has recently increased by 2.38%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Gorman-Rupp pays a meaningful dividend of 2.75%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Gorman-Rupp has been increasing its dividend for 15 years.
Dividend Coverage
The dividend payout ratio of Gorman-Rupp is 80.95%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRC.

0.6

News and Social Media Coverage

Search Interest
Only 1 people have searched for GRC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Gorman-Rupp to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gorman-Rupp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $225,205.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 7.20% of the stock of Gorman-Rupp is held by insiders.
Percentage Held by Institutions
59.44% of the stock of Gorman-Rupp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Gorman-Rupp is 28.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gorman-Rupp is 28.71, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.76.
Price to Book Value per Share Ratio
Gorman-Rupp has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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GRC Stock News Headlines

September 21, 2022 | nasdaq.com

Multiple insiders bought The Gorman-Rupp Company (NYSE:GRC) stock earlier this year, a positive sign for shareholders

September 21, 2022 | americanbankingnews.com

Gorman-Rupp (NYSE:GRC) Shares Gap Up to $25.43

August 28, 2022 | finance.yahoo.com

Trade Alert: The Executive Chairman of the Board Of The Gorman-Rupp Company (NYSE:GRC), Jeffrey Gorman, Has Just Spent US$131k Buying A Few More Shares

August 24, 2022 | finance.yahoo.com

The Gorman-Rupp Company's (NYSE:GRC) latest 8.2% decline adds to one-year losses, institutional investors may consider drastic measures

August 22, 2022 | nasdaq.com

Estimating The Intrinsic Value Of The Gorman-Rupp Company (NYSE:GRC)

July 29, 2022 | finance.yahoo.com

Gorman-Rupp Reports Second Quarter 2022 Financial Results

June 29, 2022 | finance.yahoo.com

Weak Financial Prospects Seem To Be Dragging Down The Gorman-Rupp Company (NYSE:GRC) Stock

June 1, 2022 | finance.yahoo.com

Gorman-Rupp Completes Acquisition of Fill-Rite, Market-Leading Manufacturer of Pumps and Meters

May 30, 2022 | finance.yahoo.com

Investing in Gorman-Rupp (NYSE:GRC) five years ago would have delivered you a 37% gain

May 2, 2022 | bizjournals.com

Lenexa Fill-Rite facility part of half-billion sale to Gordon-Rupp

April 29, 2022 | finance.yahoo.com

A Look At The Intrinsic Value Of The Gorman-Rupp Company (NYSE:GRC)

April 27, 2022 | msn.com

Gorman-Rupp Co. acquires assets of two pump makers for $525M

April 27, 2022 | seekingalpha.com

Gorman-Rupp acquires pumps manufacturer for $445M that is to push earnings growth double digit

April 27, 2022 | finance.yahoo.com

Gorman-Rupp Announces Agreement to Acquire Fill-Rite, Market-Leading Manufacturer of Pumps and Meters

April 27, 2022 | finance.yahoo.com

Gorman-Rupp Reports First Quarter 2022 Financial Results

April 1, 2022 | benzinga.com

Looking Into Gorman-Rupp's Return On Capital Employed

March 25, 2022 | finance.yahoo.com

Gold Springs Resource Corp. Resumes Drilling in 2022 on the Homestake High-Grade Discovery

March 17, 2022 | finance.yahoo.com

How Much Of The Gorman-Rupp Company (NYSE:GRC) Do Insiders Own?

February 15, 2022 | stocknews.com

Is Gorman-Rupp a Good Dividend Stock to Own?

February 11, 2022 | finance.yahoo.com

Business briefs: Gorman-Rupp, federal contract, Mind Body Align, Haring Realty

February 4, 2022 | finance.yahoo.com

Gorman-Rupp Reports Fourth Quarter and Full-Year 2021 Financial Results

January 28, 2022 | msn.com

Business briefs: OhioHealth, Gorman-Rupp, Black Belt Pro Fitness, and Mechanics Bank

January 28, 2022 | seekingalpha.com

Gorman-Rupp declares $0.17 dividend

January 20, 2022 | finance.yahoo.com

Are The Gorman-Rupp Company's (NYSE:GRC) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?

January 12, 2022 | finance.yahoo.com

Where Do Hedge Funds Stand On HCI Group Inc (HCI)?

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30 days | 90 days | 365 days | Advanced Chart

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GRC Company Calendar

Last Earnings: 7/29/2022
Ex-Dividend for 9/9 Dividend: 8/12/2022
Dividend Payable: 9/09/2022
Today: 9/30/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pumps & pumping equipment
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:GRC
CUSIP: 38308210
CIK: 42682
Web: www.gormanrupp.com
Phone: (419) 755-1011
Fax: 419-755-1263
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: +90.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.84
Trailing P/E Ratio: 28.71
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $29.85 million
Net Margins: 5.24%
Pretax Margin: 6.54%
Return on Equity: 9.44%
Return on Assets: 5.80%

Debt

Debt-to-Equity Ratio: 1.27
Current Ratio: 2.42
Quick Ratio: 1.33

Sales & Book Value

Annual Sales: $378.32 million
Price / Sales: 1.66
Cash Flow: $1.64 per share
Price / Cash Flow: 14.71
Book Value: $12.63 per share
Price / Book: 1.91

Miscellaneous

Outstanding Shares: 26,095,000
Free Float: 24,216,000
Market Cap: $629.41 million
Optionable: Optionable
Beta: 0.67

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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokers have issued 12 month price targets for Gorman-Rupp's stock. Their GRC share price forecasts range from $46.00 to $46.00. On average, they predict the company's stock price to reach $46.00 in the next year. This suggests a possible upside of 90.7% 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 on January 1st, 2022. Since then, GRC stock has decreased by 45.9% and is now trading at $24.12.
View the best growth stocks for 2022 here.
Are investors shorting Gorman-Rupp?: Gorman-Rupp saw a increase in short interest in August. As of August 31st, there was short interest totaling 390,100 shares, an increase of 9.1% from the August 15th total of 357,400 shares. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 6.1 days. Currently, 1.7% of the shares of the 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, November 4th 2022.
View our GRC earnings forecast.
How were Gorman-Rupp's earnings last quarter?: The Gorman-Rupp Company (NYSE:GRC) posted its earnings results on Friday, July, 29th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter. The industrial products company had revenue of $119.07 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 declared a quarterly dividend on Monday, August 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.17 per share on Friday, September 9th. This represents a $0.68 annualized dividend and a dividend yield of 2.82%. 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 2.75%. The company has been increasing its dividend for 15 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."
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 $24.12.
How much money does Gorman-Rupp make?: Gorman-Rupp (NYSE:GRC) has a market capitalization of $629.41 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 9/30/2022 by MarketBeat.com Staff

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Gorman-Rupp - GRC Stock Forecast, Price & News

Gorman-Rupp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month