The Gorman-Rupp Company (NYSE:GRC) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its holdings in The Gorman-Rupp Company (NYSE:GRC) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,104 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Gorman-Rupp were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Gorman-Rupp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,256,217 shares of the industrial products company’s stock worth $74,230,000 after buying an additional 19,797 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Gorman-Rupp by 14.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,918 shares of the industrial products company’s stock worth $566,000 after buying an additional 2,059 shares during the period. Assenagon Asset Management S.A. raised its holdings in Gorman-Rupp by 380.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 43,854 shares of the industrial products company’s stock worth $1,558,000 after buying an additional 34,728 shares during the period. Global Retirement Partners LLC raised its holdings in Gorman-Rupp by 92.2% during the 4th quarter. Global Retirement Partners LLC now owns 2,706 shares of the industrial products company’s stock worth $88,000 after buying an additional 1,298 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Gorman-Rupp by 8.0% during the 4th quarter. New York State Common Retirement Fund now owns 8,998 shares of the industrial products company’s stock worth $320,000 after buying an additional 664 shares during the period. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Trading Up 3.4 %

NYSE GRC traded up $1.27 on Thursday, hitting $39.05. 88,405 shares of the company were exchanged, compared to its average volume of 91,579. The company’s 50 day moving average price is $35.17 and its 200-day moving average price is $35.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.32 and a quick ratio of 1.33. The firm has a market capitalization of $1.02 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.94. The Gorman-Rupp Company has a twelve month low of $27.72 and a twelve month high of $40.00.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings data 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). The company had revenue of $159.27 million for the quarter, compared to analyst estimates of $168.49 million. Gorman-Rupp had a return on equity of 10.54% and a net margin of 5.52%. Analysts predict that The Gorman-Rupp Company will post 1.66 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.18 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. Gorman-Rupp’s dividend 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.