The Gorman-Rupp Company (NYSE:GRC) Stock Holdings Cut by Teton Advisors Inc.

Teton Advisors Inc. cut its position in shares of The Gorman-Rupp Company (NYSE:GRC) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 79,500 shares of the industrial products company’s stock after selling 6,500 shares during the quarter. Gorman-Rupp accounts for 0.9% of Teton Advisors Inc.’s portfolio, making the stock its 26th largest position. Teton Advisors Inc. owned about 0.30% of Gorman-Rupp worth $2,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC grew its position in Gorman-Rupp by 0.3% in the third quarter. Ancora Advisors LLC now owns 140,960 shares of the industrial products company’s stock worth $4,638,000 after buying an additional 360 shares during the last quarter. Swiss National Bank boosted its position in shares of Gorman-Rupp by 1.0% in the third quarter. Swiss National Bank now owns 51,847 shares of the industrial products company’s stock worth $1,706,000 after buying an additional 500 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Gorman-Rupp by 0.9% in the third quarter. Johnson Investment Counsel Inc. now owns 56,965 shares of the industrial products company’s stock worth $1,874,000 after buying an additional 520 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Gorman-Rupp by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 8,794 shares of the industrial products company’s stock valued at $289,000 after buying an additional 586 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Gorman-Rupp by 8.0% during the fourth quarter. New York State Common Retirement Fund now owns 8,998 shares of the industrial products company’s stock valued at $320,000 after buying an additional 664 shares during the period. Institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Stock Down 1.1 %

Gorman-Rupp stock traded down $0.36 during mid-day trading on Monday, hitting $33.02. The company’s stock had a trading volume of 119,294 shares, compared to its average volume of 75,357. The Gorman-Rupp Company has a 52-week low of $23.62 and a 52-week high of $40.00. The company has a market cap of $865.78 million, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.35 and a quick ratio of 1.31. The firm’s 50 day moving average is $37.20 and its 200 day moving average is $34.51.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $159.27 million during the quarter, compared to analysts’ expectations of $168.49 million. Gorman-Rupp had a return on equity of 10.60% and a net margin of 5.52%. On average, analysts anticipate that The Gorman-Rupp Company will post 1.55 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.18%. Gorman-Rupp’s payout ratio is 52.17%.

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.