Gorman-Rupp Director Peter Lake Unloads 3,322 Shares (GRC)
Gorman-Rupp (NYSE:GRC) Director Peter Lake unloaded 3,322 shares of Gorman-Rupp stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $41.80, for a total transaction of $138,859.60. Following the transaction, the director now directly owns 3,358 shares of the company’s stock, valued at approximately $140,364. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GRC shares. Analysts at Sidoti downgraded shares of Gorman-Rupp (NYSE:GRC) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 20th. Separately, analysts at Zacks upgraded shares of Gorman-Rupp (NYSE:GRC) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 29th. They now have a $36.30 price target on the stock. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Gorman-Rupp (NYSE:GRC) in a research note to investors on Monday, July 29th. They now have a $29.00 price target on the stock, up previously from $23.00.
Gorman-Rupp (NYSE:GRC) traded down 1.26% on Thursday, hitting $40.72. The stock had a trading volume of 5,110 shares. Gorman-Rupp has a 52-week low of $25.51 and a 52-week high of $42.35. The stock’s 50-day moving average is $37.31 and its 200-day moving average is $32.02. The company has a market cap of $855.2 million and a price-to-earnings ratio of 34.11.
Gorman-Rupp (NYSE:GRC) last released its earnings data on Friday, July 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.15. The company had revenue of $106.40 million for the quarter, compared to the consensus estimate of $94.27 million. On average, analysts predict that Gorman-Rupp will post $1.57 earnings per share for the current fiscal year.
The Gorman-Rupp Company (NYSE:GRC) manufactures and globally sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
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