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%.