NYSE:GRC - Gorman-Rupp Stock Price, Forecast & News

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

Gorman-Rupp announced a quarterly dividend on Friday, October 25th. Stockholders of record on Friday, November 15th will be given a dividend of $0.145 per share on Tuesday, December 10th. This represents a $0.58 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Gorman-Rupp's previous quarterly dividend of $0.14. View Gorman-Rupp's Dividend History.

Gorman-Rupp Co (NYSE:GRC) announced its earnings results on Friday, October, 25th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.02. The industrial products company earned $99.30 million during the quarter, compared to analyst estimates of $101.86 million. Gorman-Rupp had a net margin of 9.07% and a return on equity of 12.52%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. View Gorman-Rupp's Earnings History.

Gorman-Rupp is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for Gorman-Rupp.

1 equities research analysts have issued 1-year price objectives for Gorman-Rupp's shares. Their forecasts range from $41.00 to $41.00. On average, they expect Gorman-Rupp's stock price to reach $41.00 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View Analyst Price Targets for Gorman-Rupp.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gorman-Rupp.

Media coverage about GRC stock has been trending very negative this week, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Gorman-Rupp earned a coverage optimism score of -3.6 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Gorman-Rupp.

Gorman-Rupp saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 328,400 shares, an increase of 10.9% from the December 15th total of 296,200 shares. Based on an average trading volume of 49,100 shares, the days-to-cover ratio is presently 6.7 days. Approximately 1.9% of the shares of the stock are sold short. View Gorman-Rupp's Current Options Chain.

Some companies that are related to Gorman-Rupp include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Woodward, Inc.Common Stock (WWD), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI) and Flowserve (FLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Gorman-Rupp investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Costco Wholesale (COST), Cisco Systems (CSCO), The Coca-Cola (KO), UnitedHealth Group (UNH), Amgen (AMGN), Stitch Fix (SFIX), Amphenol (APH) and Brookfield Asset Management (BAM).

Gorman-Rupp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.28%), Fruth Investment Management (0.25%), Nisa Investment Advisors LLC (0.05%) and IFP Advisors Inc (0.01%). Company insiders that own Gorman-Rupp stock include Angela M Morehead, Christopher H Lake, James Kerr and Ronald D Pittenger. View Institutional Ownership Trends for Gorman-Rupp.

GRC stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. View Insider Buying and Selling for Gorman-Rupp.

GRC stock was purchased by a variety of institutional investors in the last quarter, including Fruth Investment Management, Nisa Investment Advisors LLC and IFP Advisors Inc. Company insiders that have bought Gorman-Rupp stock in the last two years include Angela M Morehead, James Kerr and Ronald D Pittenger. View Insider Buying and Selling 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 $38.50.

Gorman-Rupp has a market capitalization of $1.01 billion and generates $414.33 million in revenue each year. Gorman-Rupp employs 1,200 workers across the globe.View Additional Information About Gorman-Rupp.

The official website for Gorman-Rupp is http://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]