Gorman-Rupp Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gorman-Rupp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gorman-Rupp stock.
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1 equities research analysts have issued 12 month price objectives for Gorman-Rupp's shares. Their GRC stock forecasts range from $46.00 to $46.00. On average, they expect Gorman-Rupp's share price to reach $46.00 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price.
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Gorman-Rupp's stock was trading at $44.55 at the beginning of the year. Since then, GRC stock has decreased by 36.1% and is now trading at $28.45.
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Gorman-Rupp is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
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The Gorman-Rupp Company (NYSE:GRC) issued its earnings results on Wednesday, April, 27th. The industrial products company reported $0.34 earnings per share for the quarter. The industrial products company had revenue of $102.17 million for the quarter. Gorman-Rupp had a trailing twelve-month return on equity of 9.97% and a net margin of 7.65%.
View Gorman-Rupp's earnings history.

Gorman-Rupp announced a quarterly dividend on Monday, May 2nd. Investors of record on Friday, May 13th will be paid a dividend of $0.17 per share on Friday, June 10th. This represents a $0.68 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 12th.
View Gorman-Rupp's dividend history.

Gorman-Rupp(NYSE:GRC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.40%. Gorman-Rupp 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 of Gorman-Rupp is 59.13%. This payout ratio is at a healthy, sustainable level, below 75%.
View Gorman-Rupp's dividend history.

6 employees have rated Gorman-Rupp CEO Jeffrey S. Gorman on Glassdoor.com. Jeffrey S. Gorman has an approval rating of 100% among Gorman-Rupp's employees. This puts Jeffrey S. Gorman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Gorman-Rupp include Illinois Tool Works (ITW), Parker-Hannifin (PH), Dover (DOV), Ingersoll Rand (IR), Stanley Black & Decker (SWK), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Lincoln Electric (LECO), Middleby (MIDD), Donaldson (DCI) and Woodward (WWD).
View all of GRC's competitors.

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).

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

Shares of GRC 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.
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One share of GRC stock can currently be purchased for approximately $28.45.

Gorman-Rupp (NYSE:GRC) has a market capitalization of $741.95 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 $1.149990 on an earnings per share basis.

Gorman-Rupp employs 1,150 workers across the globe.

Gorman-Rupp's mailing address is 600 SOUTH AIRPORT ROAD, MANSFIELD OH, 44903. The official website for Gorman-Rupp 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.