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

Gorman-Rupp Company (The) (NYSE:GRC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.61 and traded as high as $49.52. Gorman-Rupp shares last traded at $48.84, with a volume of 71,038 shares.

Analyst Ratings Changes

GRC has been the subject of several analyst reports. Wall Street Zen raised Gorman-Rupp from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “buy (b)” rating on shares of Gorman-Rupp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Gorman-Rupp Stock Performance

The stock’s 50-day moving average is $46.18 and its 200 day moving average is $42.61. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.86 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.08 and a quick ratio of 1.25.

Gorman-Rupp (NYSE:GRC) last released its earnings results on Friday, October 24th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $172.83 million for the quarter, compared to analyst estimates of $174.61 million. Gorman-Rupp had a return on equity of 13.49% and a net margin of 7.41%. As a group, analysts predict that Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $0.19 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Gorman-Rupp’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.6%. Gorman-Rupp’s dividend payout ratio (DPR) is currently 39.79%.

Hedge Funds Weigh In On Gorman-Rupp

A number of institutional investors and hedge funds have recently made changes to their positions in GRC. Nuveen LLC purchased a new position in shares of Gorman-Rupp in the 1st quarter valued at about $3,449,000. American Century Companies Inc. boosted its holdings in Gorman-Rupp by 10.1% during the first quarter. American Century Companies Inc. now owns 46,740 shares of the industrial products company’s stock worth $1,641,000 after buying an additional 4,285 shares in the last quarter. Algert Global LLC acquired a new position in Gorman-Rupp during the first quarter worth about $261,000. Quantbot Technologies LP increased its holdings in Gorman-Rupp by 42.3% in the first quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $106,000 after buying an additional 896 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of Gorman-Rupp by 1.3% during the 1st quarter. Martingale Asset Management L P now owns 30,120 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 400 shares during the period. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Company Profile

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.