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 twelve months. 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 equities research analysts have issued 12-month price targets for Gorman-Rupp's shares. Their GRC share price targets range from $40.00 to $40.00. On average, they expect the company's share price to reach $40.00 in the next year. This suggests a possible upside of 11.0% 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 stock has increased by 1.4% and is now trading at $36.04. View the best growth stocks for 2024 here .

Are investors shorting Gorman-Rupp?

Gorman-Rupp saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 141,300 shares, a decline 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 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 Thursday, April 25th 2024. View our GRC earnings forecast .

How were Gorman-Rupp's earnings last quarter?

The Gorman-Rupp Company (NYSE:GRC) issued its quarterly earnings data on Friday, February, 2nd. The industrial products company reported $0.34 EPS 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 analyst estimates of $155.88 million. Gorman-Rupp had a net margin of 5.30% and a trailing twelve-month return on equity of 10.47%. During the same period in the previous year, the business posted $0.11 EPS.

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. Investors 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 2.00%. The ex-dividend date of this dividend 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 1.98%. 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 variety of institutional and retail 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 .

NYSE:GRC

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

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Free GRC Stock Alerts

$36.04

+0.03 (+0.08%)

(As of 04/18/2024 ET)

Compare

Today's Range: $35.75
▼
$36.40
50-Day Range: $35.51
▼
$39.58
52-Week Range: $23.22
▼
$40.00

Volume: 79,360 shs
Average Volume: 64,623 shs
Market Capitalization: $944.97 million

P/E Ratio: 27.10
Dividend Yield: 2.00%
Price Target: $40.00

Get Gorman-Rupp alerts:

Gorman-Rupp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 11.0% 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.

3.34 out of 5 stars

Industrial Products Sector

78th out of 163 stocks

Pumps & Pumping Equipment Industry

6th out of 7 stocks

2.5

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.
Amount of Analyst Coverage
Gorman-Rupp has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.68% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Gorman-Rupp has recently decreased by 24.28%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Gorman-Rupp pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Gorman-Rupp has been increasing its dividend for 51 years.
Dividend Coverage
The dividend payout ratio of Gorman-Rupp is 54.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Gorman-Rupp will have a dividend payout ratio of 38.50% next year. This indicates that Gorman-Rupp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Gorman-Rupp this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Gorman-Rupp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gorman-Rupp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.40% of the stock of Gorman-Rupp is held by insiders.
Percentage Held by Institutions
59.26% of the stock of Gorman-Rupp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Gorman-Rupp are expected to grow by 18.35% in the coming year, from $1.58 to $1.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gorman-Rupp is 27.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gorman-Rupp is 27.10, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.29.
Price to Earnings Growth Ratio
Gorman-Rupp has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Gorman-Rupp has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GRC Stock News Headlines

April 18, 2024 | americanbankingnews.com

Gorman-Rupp (GRC) to Release Quarterly Earnings on Thursday

April 10, 2024 | investorplace.com

Wall Street Favorites: 3 Dividend Stocks With Strong Buy Ratings for April 2024

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3 Buy-Rated Dividend Kings to Create Generational Wealth

February 27, 2024 | benzinga.com

Enhancing Value: Kennametal Supports Investors with Growing Earnings

February 22, 2024 | morningstar.com

Gorman-Rupp Co GRC

February 14, 2024 | au.finance.yahoo.com

The Gorman-Rupp Company (GO4.F)

February 12, 2024 | seekingalpha.com

Gorman-Rupp: Quality Business Justifies A Higher Valuation

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February 9, 2024 | finance.yahoo.com

Read This Before Considering The Gorman-Rupp Company (NYSE:GRC) For Its Upcoming US$0.18 Dividend

February 5, 2024 | finance.yahoo.com

Gorman-Rupp (NYSE:GRC) Will Pay A Dividend Of $0.18

February 2, 2024 | benzinga.com

Gorman-Rupp: Q4 Earnings Insights

February 2, 2024 | finance.yahoo.com

Gorman-Rupp Reports Fourth Quarter and Full-Year 2023 Financial Results

December 25, 2023 | msn.com

Business briefs: Gorman-Rupp, UH Samaritan, TE Connectivity, Rumpke

December 24, 2023 | finance.yahoo.com

Should You Think About Buying The Gorman-Rupp Company (NYSE:GRC) Now?

December 7, 2023 | finance.yahoo.com

Should You Be Concerned About The Gorman-Rupp Company's (NYSE:GRC) ROE?

November 23, 2023 | finance.yahoo.com

Investing in Gorman-Rupp (NYSE:GRC) a year ago would have delivered you a 17% gain

November 10, 2023 | seekingalpha.com

Gorman-Rupp: Good Execution, Steep Price

November 9, 2023 | finance.yahoo.com

Interested In Gorman-Rupp's (NYSE:GRC) Upcoming US$0.18 Dividend? You Have Four Days Left

November 4, 2023 | msn.com

Business briefs: Gorman-Rupp, Sun Graphics, Columbia Gas, First Federal and more

November 1, 2023 | msn.com

Gorman-Rupp (GRC) Price Target Increased by 7.41% to 44.37

October 31, 2023 | finance.yahoo.com

The Gorman-Rupp Co (GRC) Company: A Short SWOT Analysis

October 30, 2023 | finance.yahoo.com

Gorman-Rupp's (NYSE:GRC) Dividend Will Be Increased To $0.18

October 27, 2023 | msn.com

Gorman-Rupp Non-GAAP EPS of $0.25, revenue of $167.5M

October 27, 2023 | finance.yahoo.com

Gorman-Rupp Co (GRC) Reports Q3 2023 Financial Results

October 27, 2023 | msn.com

Gorman-Rupp raises dividend by 3% to $0.18

October 27, 2023 | markets.businessinsider.com

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: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Pumps & pumping equipment
Sub-Industry: Industrial Machinery
Current Symbol: NYSE:GRC
CUSIP: 38308210
CIK: 42682
Web: www.gormanrupp.com
Phone: (419) 755-1011
Fax: 419-755-1263
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

EPS (Most Recent Fiscal Year): $1.33
Trailing P/E Ratio: 27.10
Forward P/E Ratio: 22.81
P/E Growth: 1.77
Net Income: $34.95 million
Net Margins: 5.30%
Pretax Margin: 6.67%
Return on Equity: 10.47%
Return on Assets: 4.01%

Debt

Debt-to-Equity Ratio: 1.09
Current Ratio: 2.35
Quick Ratio: 1.31

Sales & Book Value

Annual Sales: $659.51 million
Price / Sales: 1.43
Cash Flow: $2.55 per share
Price / Cash Flow: 14.16
Book Value: $13.34 per share
Price / Book: 2.70

Miscellaneous

Outstanding Shares: 26,220,000
Free Float: 24,278,000
Market Cap: $944.97 million
Optionable: Optionable
Beta: 0.92

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Key Executives

Mr. Jeffrey S. Gorman (Age 71)
Executive Chairman of the Board
Comp: $583.72k
Mr. Scott A. King (Age 49)
President, CEO & Director
Comp: $1.13M
Ms. Barbara A. Woodman
Vice President of Human Resources
Ms. Angela M. Morehead
Treasurer & Assistant Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 twelve months. 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 equities research analysts have issued 12-month price targets for Gorman-Rupp's shares. Their GRC share price targets range from $40.00 to $40.00. On average, they expect the company's share price to reach $40.00 in the next year. This suggests a possible upside of 11.0% 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 stock has increased by 1.4% and is now trading at $36.04.
View the best growth stocks for 2024 here.
Are investors shorting Gorman-Rupp?: Gorman-Rupp saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 141,300 shares, a decline 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 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 Thursday, April 25th 2024.
View our GRC earnings forecast.
How were Gorman-Rupp's earnings last quarter?: The Gorman-Rupp Company (NYSE:GRC) issued its quarterly earnings data on Friday, February, 2nd. The industrial products company reported $0.34 EPS 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 analyst estimates of $155.88 million. Gorman-Rupp had a net margin of 5.30% and a trailing twelve-month return on equity of 10.47%. During the same period in the previous year, the business posted $0.11 EPS.
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. Investors 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 2.00%. The ex-dividend date of this dividend 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 1.98%. 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 variety of institutional and retail 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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Gorman-Rupp (GRC) Stock Price, News & Analysis

Gorman-Rupp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Gorman-Rupp Stock (NYSE:GRC)

GRC Stock Price History

GRC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

GRC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™