Recent Insider Activity: Gorman-Rupp Company (The) $GRC

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Gorman-Rupp Company (The) (NYSE:GRC) insider have most recently took part in a trading activity. On Aug 29, 2017 Reynolds Kenneth R, Director bought 2,500 shares having total worth of $70,425 at the price of $28.17 per share, following the transaction a total of 16,000 shares owned by Reynolds Kenneth R.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 1 sell activities and 2 buy trades. Furthermore, over the past 12 months , the stock was traded 7 times by insiders. In 5 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 1 -1.09%
12 Month 2 5 11.09%

Shares of Gorman-Rupp Company (The) (NYSE:GRC) traded up 0.28% on Aug 29, 2017, hitting $28.57. 36,337 shares of the company’s stock traded hands. Gorman-Rupp Company (The) has a 52 week low of $21.98 and a 52 week high of $33.53. The company’s market cap is $671 million.

Gorman-Rupp Company (The) (NYSE:GRC) last announced its earnings results on Jul 28, 2017. The company reported 0.35 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.23 by $0.12. The company had revenue of $98 million for the quarter, compared to the consensus estimate of $93 million. During the same quarter in the previous year, the company posted 0.25 earnings per share. The company’s revenue for the quarter was up 2% on a year-over-year basis.

2017-07-28 2017-04-27 2017-02-03 2016-04-28 2016-02-05 2015-10-23 2015-07-24 2015-04-23 2015-02-06 2014-10-24
earnings per share 0.35 0.23 0.23 0.24 0.22 0.27 0.25 0.28 0.30 0.36
Revenue(M) 97.87 92.6 94.2 100.26 98.8 104.23 103.9 99.23 104.97 110.2

The Gorman-Rupp Company was incorporated in Ohio in 1934. The Company designs, manufactures and globally sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning, military and other liquid-handling applications. It operates in one business segment, the manufacture and international sale of pumps and related fluid control equipment and systems. The Company’s product line consists of pump models ranging in size from 1/4″ to 144″ and ranging in rated capacity from less than one gallon per minute to in excess of 700,000 gallons per minute. The types of pumps which the Company produces 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. The Company’s larger pumps are sold principally for use in the construction, industrial, water and wastewater handling fields; for boosting low residential water pressure; for pumping refined petroleum products, including the ground refueling of aircraft; for fluid control in HVAC applications; and for various agricultural purposes. Except for government and export sales, the Company’s pumps are marketed in the United States and Canada through a network of more than 1,000 distributors, through manufacturers’ representatives (for sales to many original equipment manufacturers), through third-party distributor catalogs, and by direct sales. The pump industry is highly competitive. Gorman-Rupp estimates that 80 other companies selling pumps and pump units compete in one or more of the lines of business and applications in which comparable products of the Company are utilized. The Company is subject to a variety of laws regarding international operations, including regulations issued by the U.S. Department of Commerce Bureau of Industry and Security and various foreign governmental agencies.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.