Gorman-Rupp (NYSE:GRC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Gorman-Rupp Company (The) (NYSE:GRC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.04 and traded as high as $65.44. Gorman-Rupp shares last traded at $64.75, with a volume of 107,475 shares changing hands.

Wall Street Analyst Weigh In

GRC has been the topic of several recent research reports. Wall Street Zen upgraded Gorman-Rupp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “buy (b)” rating on shares of Gorman-Rupp in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Gorman-Rupp Price Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.08. The business has a 50-day simple moving average of $54.43 and a 200 day simple moving average of $48.04. The firm has a market cap of $1.70 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30.

Gorman-Rupp (NYSE:GRC) last posted its earnings results on Friday, February 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.12. The firm had revenue of $166.57 million for the quarter, compared to analysts’ expectations of $167.08 million. Gorman-Rupp had a return on equity of 14.24% and a net margin of 7.77%. On average, analysts anticipate that Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.76 annualized dividend and a yield of 1.2%. Gorman-Rupp’s dividend payout ratio is 37.81%.

Hedge Funds Weigh In On Gorman-Rupp

Several hedge funds and other institutional investors have recently modified their holdings of GRC. Cerity Partners LLC raised its stake in Gorman-Rupp by 3.2% in the fourth quarter. Cerity Partners LLC now owns 4,776 shares of the industrial products company’s stock worth $228,000 after buying an additional 150 shares in the last quarter. Captrust Financial Advisors boosted its position in Gorman-Rupp by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 4,872 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 163 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Gorman-Rupp by 0.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,370 shares of the industrial products company’s stock worth $2,166,000 after acquiring an additional 203 shares during the period. D.A. Davidson & CO. raised its position in shares of Gorman-Rupp by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 6,706 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 229 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Gorman-Rupp by 8.5% in the 3rd quarter. SG Americas Securities LLC now owns 3,443 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Company Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.