Posted by admin on Jun 2nd, 2022
Gorman-Rupp (NYSE:GRC – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Separately, Sidoti upgraded Gorman-Rupp from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, February 7th.
NYSE:GRC opened at $30.09 on Thursday. Gorman-Rupp has a 12 month low of $28.15 and a 12 month high of $47.12. The stock has a 50 day moving average of $32.74 and a two-hundred day moving average of $38.20. The firm has a market cap of $784.72 million, a P/E ratio of 26.17 and a beta of 0.62.
Gorman-Rupp (NYSE:GRC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The industrial products company reported $0.34 EPS for the quarter. Gorman-Rupp had a return on equity of 9.97% and a net margin of 7.65%. The company had revenue of $102.17 million during the quarter.
Several institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in Gorman-Rupp in the fourth quarter valued at approximately $29,000. Kepos Capital LP acquired a new position in Gorman-Rupp in the fourth quarter valued at approximately $71,000. Acadian Asset Management LLC acquired a new position in Gorman-Rupp in the first quarter valued at approximately $77,000. Citigroup Inc. lifted its holdings in Gorman-Rupp by 43.9% in the third quarter. Citigroup Inc. now owns 2,936 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 895 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Gorman-Rupp in the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 55.88% of the company’s stock.
Gorman-Rupp Company Profile (Get Rating)
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.
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