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NYSE:GRC

Gorman-Rupp (GRC) Stock Price, News & Analysis

$36.02
-0.02 (-0.06%)
(As of 01:27 PM ET)
Today's Range
$35.94
$36.69
50-Day Range
$35.51
$39.58
52-Week Range
$23.22
$40.00
Volume
39,625 shs
Average Volume
64,257 shs
Market Capitalization
$944.44 million
P/E Ratio
27.08
Dividend Yield
2.00%
Price Target
$40.00

Gorman-Rupp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.9% Upside
$40.00 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
18.35%
From $1.58 to $1.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.92 out of 5 stars

Industrial Products Sector

81st out of 169 stocks

Pumps & Pumping Equipment Industry

6th out of 7 stocks

GRC stock logo

About Gorman-Rupp Stock (NYSE:GRC)

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 suppression, heating, ventilating and air conditioning, military, and other liquid-handling applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and e-commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

GRC Stock Price History

GRC Stock News Headlines

Gorman-Rupp (GRC) to Release Quarterly Earnings on Thursday
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Gorman-Rupp Co GRC
The Gorman-Rupp Company (GO4.F)
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Gorman-Rupp (NYSE:GRC) Will Pay A Dividend Of $0.18
Gorman-Rupp: Q4 Earnings Insights
Gorman-Rupp: Good Execution, Steep Price
The Gorman-Rupp Co (GRC) Company: A Short SWOT Analysis
Gorman-Rupp Co (GRC) Reports Q3 2023 Financial Results
Gorman-Rupp raises dividend by 3% to $0.18
Gorman-Rupp Company Q3 Net Income Rises; Net Sales Up 8.9%
See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 3/8 Dividend
2/14/2024
Dividend Payable
3/08/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
38308210
Employees
1,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+11.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$34.95 million
Pretax Margin
6.67%

Debt

Sales & Book Value

Annual Sales
$659.51 million
Cash Flow
$2.57 per share
Book Value
$13.34 per share

Miscellaneous

Free Float
24,278,000
Market Cap
$944.97 million
Optionable
Optionable
Beta
0.92
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GRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Gorman-Rupp stock right now?

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. The consensus among Wall Street analysts is that investors should "buy" GRC shares.
View GRC analyst ratings
or view top-rated stocks.

What is Gorman-Rupp's stock price target for 2024?

1 Wall Street analysts have issued 12-month price objectives for Gorman-Rupp's shares. Their GRC share price targets range from $40.00 to $40.00. On average, they anticipate the company's share price to reach $40.00 in the next year. This suggests a possible upside of 9.9% 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 2024?

Gorman-Rupp's stock was trading at $35.53 at the beginning of the year. Since then, GRC shares have increased by 2.4% and is now trading at $36.40.
View the best growth stocks for 2024 here
.

Are investors shorting Gorman-Rupp?

Gorman-Rupp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 141,300 shares, a drop of 24.3% from the March 15th total of 186,600 shares. Based on an average daily volume of 66,300 shares, the short-interest ratio is presently 2.1 days. Currently, 0.7% of the company's 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 Thursday, April 25th 2024.
View our GRC earnings forecast
.

How were Gorman-Rupp's earnings last quarter?

The Gorman-Rupp Company (NYSE:GRC) released its earnings results on Friday, February, 2nd. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. The industrial products company earned $160.57 million during the quarter, compared to analysts' expectations of $155.88 million. Gorman-Rupp had a trailing twelve-month return on equity of 10.47% and a net margin of 5.30%. During the same quarter last year, the business earned $0.11 earnings per share.

How often does Gorman-Rupp pay dividends? What is the dividend yield for Gorman-Rupp?

Gorman-Rupp announced a quarterly dividend on Friday, January 26th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.18 per share on Friday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for GRC
.

Is Gorman-Rupp a good dividend stock?

Gorman-Rupp (NYSE:GRC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRC will have a dividend payout ratio of 38.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRC.

What ETFs hold Gorman-Rupp's stock?

ETFs with the largest weight of Gorman-Rupp (NYSE:GRC) stock in their portfolio include IQ Chaikin U.S. Small Cap ETF (CSML).Invesco Water Resources ETF (PHO).

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 (SKT), AT&T (T), Verizon Communications (VZ), Amgen (AMGN) and Carnival Co. & (CCL).

Who are Gorman-Rupp's major shareholders?

Gorman-Rupp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Toth Financial Advisory Corp (0.06%). Insiders that own company stock include Christopher H Lake, Christopher H Lake, Jeffrey S Gorman, M Ann Harlan and Scott A King.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GRC) was last updated on 4/19/2024 by MarketBeat.com Staff

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