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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Gorman-Rupp (GRC) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Gorman-Rupp is a member of our Industrial Products group, which includes 219 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Gorman-Rupp is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRC's full-year earnings has moved 11.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GRC has moved about 4.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 1.5%. This means that Gorman-Rupp is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Zurn Water (ZWS). The stock is up 10.4% year-to-date.
Over the past three months, Zurn Water's consensus EPS estimate for the current year has increased 2.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gorman-Rupp belongs to the Manufacturing - General Industrial industry, which includes 44 individual stocks and currently sits at #186 in the Zacks Industry Rank. On average, stocks in this group have gained 5.3% this year, meaning that GRC is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Zurn Water falls under the Manufacturing - Electronics industry. Currently, this industry has 16 stocks and is ranked #26. Since the beginning of the year, the industry has moved +7.4%.
Investors with an interest in Industrial Products stocks should continue to track Gorman-Rupp and Zurn Water. These stocks will be looking to continue their solid performance.
Zacks Investment Research
Reporter Name | Jahnke Timothy J |
Relationship | Director |
Type | Sell |
Amount | $515,275 |
SEC Filing | Form 4 |
Timothy J Jahnke, a Director at Zurn Elkay Water Solutions Corp, sold 15,600 shares of Common Stock on September 9, 2024, for a total sale amount of $515,275. The weighted average selling price was $33.0305 per share. Following this transaction, Jahnke directly owns 385,017 shares and indirectly owns 200,000 shares through an irrevocable trust.
SEC Filing: Zurn Elkay Water Solutions Corp [ ZWS ] - Form 4 - Sep. 11, 2024
Zurn Elkay Water Solutions Corporation (ZWS) shares rallied 7.7% in the last trading session to close at $32. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% loss over the past four weeks.
Zurn Elkay’s rally is primarily driven by optimism about the strong momentum in its water management business. Strength across the company’s commercial and institutional end markets, along with the growing popularity for water management solutions, bodes well.
This motion control and water management company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +10.3%. Revenues are expected to be $406.35 million, up 2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Zurn Water, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ZWS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy).
Zurn Water is part of the Zacks Manufacturing - Electronics industry. A.O. Smith (AOS), another stock in the same industry, closed the last trading session 1.3% higher at $77.89. AOS has returned -4.2% in the past month.
A.O. Smith's consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $0.94. Compared to the company's year-ago EPS, this represents a change of +4.4%. A.O. Smith currently boasts a Zacks Rank of #3 (Hold).
Zacks Investment Research
Investors with an interest in Manufacturing - General Industrial stocks have likely encountered both Gorman-Rupp and Ingersoll Rand . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, Gorman-Rupp has a Zacks Rank of #2 (Buy), while Ingersoll Rand has a Zacks Rank of #3 (Hold). This means that GRC's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
GRC currently has a forward P/E ratio of 20.98, while IR has a forward P/E of 27.43. We also note that GRC has a PEG ratio of 1.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. IR currently has a PEG ratio of 2.49.
Another notable valuation metric for GRC is its P/B ratio of 2.84. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, IR has a P/B of 3.65.
Based on these metrics and many more, GRC holds a Value grade of B, while IR has a Value grade of D.
GRC stands above IR thanks to its solid earnings outlook, and based on these valuation figures, we also feel that GRC is the superior value option right now.
Zacks Investment Research
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Gorman-Rupp one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Gorman-Rupp is a member of our Industrial Products group, which includes 218 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Gorman-Rupp is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GRC's full-year earnings has moved 19.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, GRC has returned 9.9% so far this year. At the same time, Industrial Products stocks have gained an average of 7.7%. As we can see, Gorman-Rupp is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Halma . The stock is up 18.1% year-to-date.
For Halma, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Gorman-Rupp is a member of the Manufacturing - General Industrial industry, which includes 44 individual companies and currently sits at #181 in the Zacks Industry Rank. This group has gained an average of 8.1% so far this year, so GRC is performing better in this area.
On the other hand, Halma belongs to the Security and Safety Services industry. This 20-stock industry is currently ranked #83. The industry has moved +19.5% year to date.
Gorman-Rupp and Halma could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
Zacks Investment Research
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