15,770 Shares in The Gorman-Rupp Company (NYSE:GRC) Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp purchased a new stake in The Gorman-Rupp Company (NYSE:GRC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 15,770 shares of the industrial products company’s stock, valued at approximately $624,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in Gorman-Rupp by 92.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,706 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 1,298 shares during the period. Quest Partners LLC acquired a new position in Gorman-Rupp in the 4th quarter valued at approximately $120,000. Bailard Inc. acquired a new position in Gorman-Rupp in the 4th quarter valued at approximately $305,000. New York State Common Retirement Fund increased its position in Gorman-Rupp by 8.0% in the 4th quarter. New York State Common Retirement Fund now owns 8,998 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 664 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Gorman-Rupp in the 4th quarter valued at approximately $484,000. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Gorman-Rupp Trading Up 2.1 %

Shares of NYSE GRC opened at $36.71 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.33 and a current ratio of 2.32. The Gorman-Rupp Company has a 52-week low of $27.36 and a 52-week high of $40.00. The firm has a 50 day moving average price of $34.63 and a two-hundred day moving average price of $35.50. The stock has a market cap of $962.17 million, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Gorman-Rupp (NYSE:GRC) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Gorman-Rupp had a net margin of 5.52% and a return on equity of 10.54%. The business had revenue of $159.27 million during the quarter, compared to analyst estimates of $168.49 million. As a group, equities analysts forecast that The Gorman-Rupp Company will post 1.66 EPS for the current year.

Gorman-Rupp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, May 14th. Gorman-Rupp’s dividend payout ratio is currently 52.17%.

About Gorman-Rupp

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.