NYSE:GRCMachinery
Gorman-Rupp (GRC) Is Up 5.2% After Record Infrastructure-Driven Orders - Has The Bull Case Changed?
In recent months, Gorman-Rupp reported record quarterly results that exceeded analyst expectations, supported by strong infrastructure-related sales and a double-digit increase in incoming orders.
At the same time, renewed interest from institutional investors and a rotation toward industrial and defensive names in light of higher proposed government infrastructure and defense spending have sharpened attention on Gorman-Rupp’s order momentum and end-market exposure.
We’ll now look at how...