The Gorman-Rupp (GRC) Getting Somewhat Positive News Coverage, Analysis Shows

News stories about The Gorman-Rupp (NYSE:GRC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Gorman-Rupp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.8796793527375 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded The Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet upgraded The Gorman-Rupp from a “c+” rating to a “b-” rating in a report on Monday, August 21st.

The Gorman-Rupp (NYSE:GRC) traded up $0.28 during midday trading on Tuesday, reaching $30.48. The company had a trading volume of 100,000 shares, compared to its average volume of 50,157. The Gorman-Rupp has a fifty-two week low of $23.55 and a fifty-two week high of $34.45.

The Gorman-Rupp (NYSE:GRC) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The Gorman-Rupp had a return on equity of 7.22% and a net margin of 6.07%. The firm had revenue of $93.98 million during the quarter, compared to analysts’ expectations of $95.91 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. This is a boost from The Gorman-Rupp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, November 14th. The Gorman-Rupp’s payout ratio is presently 50.55%.

In other The Gorman-Rupp news, Director Christopher H. Lake sold 2,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $31.75, for a total value of $79,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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The Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures and sells pumps and pump systems. The Company offers its products for use in dewatering; petroleum original equipment; agriculture; fire protection; heating, ventilating and air conditioning; military, and other liquid-handling applications. The Company operates in the manufacture and international sale of pumps and pump systems segment.

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