Legal & General Group Plc Purchases New Holdings in Gorman-Rupp Company (The) $GRC

29 Aug 2026, 09:38 by Michael Walen · The Markets Daily

Legal & General Group Plc acquired a new stake in shares of Gorman-Rupp Company (The) (NYSE:GRC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 368,696 shares of the industrial products company’s stock, valued at approximately $33,565,000. Legal & General Group Plc owned approximately 1.40% of Gorman-Rupp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Gorman-Rupp during the 2nd quarter valued at approximately $165,116,000. Victory Capital Management Inc. raised its holdings in Gorman-Rupp by 211.6% in the fourth quarter. Victory Capital Management Inc. now owns 830,480 shares of the industrial products company’s stock valued at $39,655,000 after acquiring an additional 564,000 shares in the last quarter. First Trust Advisors LP raised its holdings in Gorman-Rupp by 326.1% in the first quarter. First Trust Advisors LP now owns 524,400 shares of the industrial products company’s stock valued at $32,581,000 after acquiring an additional 401,340 shares in the last quarter. Bank of America Corp DE boosted its stake in Gorman-Rupp by 1,056.7% during the 1st quarter. Bank of America Corp DE now owns 302,230 shares of the industrial products company’s stock valued at $18,778,000 after acquiring an additional 276,101 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Gorman-Rupp during the 2nd quarter worth $16,235,000. 59.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gorman-Rupp

In related news, VP D Patrick Wischmeier sold 5,153 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $77.62, for a total transaction of $399,975.86. Following the completion of the transaction, the vice president directly owned 1,409 shares in the company, valued at $109,366.58. This represents a 78.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.60% of the company’s stock.

Gorman-Rupp Trading Down 2.0%

Gorman-Rupp stock opened at $76.03 on Friday. Gorman-Rupp Company has a 1 year low of $41.85 and a 1 year high of $92.78. The firm’s 50-day moving average is $81.87 and its 200-day moving average is $74.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.82 and a current ratio of 2.81. The company has a market cap of $2.01 billion, a P/E ratio of 32.08, a PEG ratio of 2.24 and a beta of 1.29.

Gorman-Rupp (NYSE:GRC – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The industrial products company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Gorman-Rupp had a net margin of 8.88% and a return on equity of 15.55%. The business had revenue of $186.07 million during the quarter, compared to the consensus estimate of $188.89 million. On average, equities analysts expect that Gorman-Rupp Company will post 2.67 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Gorman-Rupp’s dividend payout ratio is presently 32.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GRC. Wall Street Zen lowered shares of Gorman-Rupp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Weiss Ratings lowered Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, June 12th. Finally, Freedom Capital upgraded Gorman-Rupp to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Analysis on GRC

About Gorman-Rupp

(Free Report)

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.