John G Ullman & Associates Inc. Cuts Stake in The Gorman-Rupp Company (NYSE:GRC)

John G Ullman & Associates Inc. lowered its position in shares of The Gorman-Rupp Company (NYSE:GRC) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. 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. owned 0.45% of Gorman-Rupp worth $4,671,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of 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 purchasing an additional 664 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Gorman-Rupp by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 316,457 shares of the industrial products company’s stock worth $11,244,000 after purchasing an additional 944 shares during the period. Global Retirement Partners LLC grew its stake in shares of 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 purchasing an additional 1,298 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of 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 purchasing an additional 2,059 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of Gorman-Rupp during the 1st quarter worth $82,000. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Price Performance

Shares of NYSE:GRC traded up $1.27 on Thursday, reaching $39.05. 88,405 shares of the company were exchanged, compared to its average volume of 91,579. The company has a current ratio of 2.32, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The Gorman-Rupp Company has a 1-year low of $27.72 and a 1-year high of $40.00. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.94. The company has a 50-day moving average of $35.17 and a 200-day moving average of $35.63.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $159.27 million during the quarter, compared to analyst estimates of $168.49 million. Gorman-Rupp had a net margin of 5.52% and a return on equity of 10.54%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.84%. 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.