Gorman-Rupp (NYSE:GRC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Gorman-Rupp Company (The) (NYSE:GRC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.00 and traded as high as $64.54. Gorman-Rupp shares last traded at $64.0210, with a volume of 117,228 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Gorman-Rupp Price Performance

The stock has a 50-day simple moving average of $56.27 and a 200 day simple moving average of $49.04. The company has a market cap of $1.68 billion, a PE ratio of 31.85, a P/E/G ratio of 2.13 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.74.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Friday, February 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The firm had revenue of $166.57 million during the quarter, compared to the consensus estimate of $167.08 million. Gorman-Rupp had a return on equity of 14.24% and a net margin of 7.77%. Equities analysts expect that Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRC. Huntington National Bank acquired a new position in Gorman-Rupp during the 4th quarter worth about $31,000. NewEdge Advisors LLC increased its stake in Gorman-Rupp by 130.7% during the fourth quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 379 shares during the period. Osaic Holdings Inc. lifted its position in shares of Gorman-Rupp by 125.0% during the second quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 939 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Gorman-Rupp in the third quarter valued at approximately $65,000. Finally, CWM LLC grew its holdings in shares of Gorman-Rupp by 47.0% in the third quarter. CWM LLC now owns 1,452 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 464 shares in the last quarter. 59.26% of the stock is currently owned by institutional investors and hedge funds.

About Gorman-Rupp

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.