Today, the VP, Treasurer, Asst. Secretary of Gorman-Rupp Company (NYSE: GRC), Ronald Pittenger, bought shares of GRC for $3,019.
Following Ronald Pittenger’s last GRC Buy transaction on February 27, 2018, the stock climbed by 9.5%. This recent transaction increases Ronald Pittenger’s holding in the company by 2.34% to a total of $160.3K.
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Based on Gorman-Rupp Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $112 million and quarterly net profit of $10.17 million. In comparison, last year the company earned revenue of $97.87 million and had a net profit of $7.85 million. GRC’s market cap is $969.4M and the company has a P/E ratio of 28.92. Currently, Gorman-Rupp Company has an average volume of 6,610.
Three different firms, including BMO Capital and Boenning & Scattergood, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $184.5K worth of GRC shares and purchased $3,019 worth of GRC shares. The insider sentiment on Gorman-Rupp Company has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The Gorman-Rupp Co. engages in the design, manufacture, and global marketing of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating, and air conditioning, military and other liquid-handling applications.
