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

Toth Financial Advisory Corp acquired a new position in The Gorman-Rupp Company (NYSE:GRC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,770 shares of the industrial products company’s stock, valued at approximately $624,000. Toth Financial Advisory Corp owned approximately 0.06% of Gorman-Rupp at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Livelsberger Financial Advisory bought a new stake in Gorman-Rupp in the fourth quarter worth $640,000. Campbell & CO Investment Adviser LLC boosted its holdings in Gorman-Rupp by 74.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,561 shares of the industrial products company’s stock valued at $659,000 after acquiring an additional 7,894 shares during the period. Quest Partners LLC bought a new stake in Gorman-Rupp during the fourth quarter valued at about $120,000. Janney Montgomery Scott LLC bought a new stake in Gorman-Rupp during the fourth quarter valued at about $484,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Gorman-Rupp by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,321,685 shares of the industrial products company’s stock valued at $46,960,000 after acquiring an additional 13,129 shares during the period. 59.26% of the stock is currently owned by institutional investors.

Gorman-Rupp Stock Up 2.1 %

GRC stock opened at $36.71 on Friday. 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 Gorman-Rupp Company has a 52-week low of $27.36 and a 52-week high of $40.00. The company has a 50-day moving average of $34.63 and a two-hundred day moving average of $35.50. The stock has a market capitalization of $962.17 million, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Gorman-Rupp (NYSE:GRC) last released 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). Gorman-Rupp had a net margin of 5.52% and a return on equity of 10.54%. The firm had revenue of $159.27 million for the quarter, compared to the consensus estimate of $168.49 million. As a group, equities research analysts anticipate that The Gorman-Rupp Company will post 1.66 EPS for the current year.

Gorman-Rupp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.18 per share. 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%.

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.