Gorman-Rupp (NYSE:GRC) Stock Rating Upgraded by StockNews.com

Gorman-Rupp (NYSE:GRC) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Gorman-Rupp Stock Performance

NYSE:GRC opened at $38.63 on Tuesday. The stock has a fifty day moving average price of $38.01 and a 200-day moving average price of $38.88. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. Gorman-Rupp has a fifty-two week low of $30.47 and a fifty-two week high of $43.79.

Gorman-Rupp (NYSE:GRC) last released its earnings results on Friday, February 7th. The industrial products company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities analysts anticipate that Gorman-Rupp will post 1.98 EPS for the current fiscal year.

Institutional Trading of Gorman-Rupp

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Gorman-Rupp by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,205,019 shares of the industrial products company’s stock worth $83,614,000 after buying an additional 20,407 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gorman-Rupp by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,345,454 shares of the industrial products company’s stock worth $51,020,000 after buying an additional 3,574 shares during the last quarter. Mechanics Financial Corp lifted its position in shares of Gorman-Rupp by 105.7% during the 3rd quarter. Mechanics Financial Corp now owns 1,012,825 shares of the industrial products company’s stock worth $39,450,000 after buying an additional 520,361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Gorman-Rupp by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 703,077 shares of the industrial products company’s stock worth $26,661,000 after buying an additional 38,191 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Gorman-Rupp by 11.6% during the 4th quarter. Northern Trust Corp now owns 223,192 shares of the industrial products company’s stock worth $8,463,000 after buying an additional 23,158 shares during the last quarter. 59.26% of the stock is currently owned by institutional investors.

About Gorman-Rupp

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.