Aurora Investment Counsel Purchases New Shares in The Gorman-Rupp Company (NYSE:GRC)

Aurora Investment Counsel bought a new position in The Gorman-Rupp Company (NYSE:GRC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 54,921 shares of the industrial products company's stock, valued at approximately $2,083,000. Aurora Investment Counsel owned 0.21% of Gorman-Rupp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Gorman-Rupp by 5,461.5% in the third quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company's stock worth $28,000 after purchasing an additional 710 shares during the period. Centricity Wealth Management LLC bought a new position in Gorman-Rupp in the fourth quarter worth $38,000. Point72 Asset Management L.P. bought a new position in Gorman-Rupp in the third quarter worth $62,000. Quantbot Technologies LP bought a new position in Gorman-Rupp in the third quarter worth $154,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gorman-Rupp during the third quarter valued at $209,000. 59.26% of the stock is owned by institutional investors.

Gorman-Rupp Price Performance

Shares of NYSE GRC traded down $0.59 during midday trading on Tuesday, reaching $37.06. 51,579 shares of the company traded hands, compared to its average volume of 80,175. The firm has a market cap of $972.11 million, a PE ratio of 24.22, a PEG ratio of 1.54 and a beta of 0.94. The stock's 50-day simple moving average is $37.88 and its 200-day simple moving average is $38.82. The Gorman-Rupp Company has a 12 month low of $30.47 and a 12 month high of $43.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39.

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Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same period in the prior year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.185 per share. The ex-dividend date was Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.00%. Gorman-Rupp's payout ratio is presently 48.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 25th.

Gorman-Rupp 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.