Media stories about Gorman-Rupp (NYSE:GRC) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gorman-Rupp earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.3868432144445 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of GRC stock opened at $29.25 on Monday. The stock has a market capitalization of $763.62, a P/E ratio of 23.98 and a beta of 1.08. Gorman-Rupp has a 52-week low of $23.55 and a 52-week high of $33.50.
Gorman-Rupp (NYSE:GRC) last released its earnings results on Friday, February 9th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Gorman-Rupp had a return on equity of 10.04% and a net margin of 7.00%. The company had revenue of $94.94 million for the quarter, compared to analysts’ expectations of $95.39 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis.
Separately, Sidoti upgraded Gorman-Rupp from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, March 5th.
In other Gorman-Rupp news, CFO James Kerr bought 4,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $27.88 per share, for a total transaction of $111,520.00. Following the transaction, the chief financial officer now owns 6,000 shares of the company’s stock, valued at approximately $167,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ronald D. Pittenger bought 4,962 shares of the company’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $27.71 per share, for a total transaction of $137,497.02. Following the transaction, the vice president now directly owns 4,201 shares in the company, valued at approximately $116,409.71. The disclosure for this purchase can be found here. Insiders own 12.40% of the company’s stock.
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Gorman-Rupp Company Profile
The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. 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.
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