BidaskClub upgraded shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) from a sell rating to a hold rating in a research report report published on Wednesday.

Other equities research analysts also recently issued research reports about the stock. Forward View raised shares of Sturm, Ruger & from a sell rating to a hold rating in a research report on Sunday, May 14th. Zacks Investment Research downgraded shares of Sturm, Ruger & from a buy rating to a hold rating in a research report on Saturday, July 15th. ValuEngine downgraded shares of Sturm, Ruger & from a buy rating to a hold rating in a research report on Friday, June 2nd. Wunderlich lifted their target price on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the stock a hold rating in a research report on Wednesday, May 10th. Finally, Aegis reaffirmed a buy rating and issued a $67.00 target price on shares of Sturm, Ruger & in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $61.75.

Sturm, Ruger & (RGR) opened at 48.85 on Wednesday. The company has a market cap of $863.23 million and a price-to-earnings ratio of 12.38. The stock’s 50 day moving average price is $54.58 and its 200-day moving average price is $57.19. Sturm, Ruger & has a 52 week low of $47.15 and a 52 week high of $68.60.

Sturm, Ruger & (NYSE:RGR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.54. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The company had revenue of $131.90 million during the quarter, compared to the consensus estimate of $159.60 million. During the same period last year, the firm posted $1.22 EPS. The company’s revenue for the quarter was down 21.4% on a year-over-year basis. On average, equities research analysts forecast that Sturm, Ruger & will post $3.60 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is presently 23.47%.

Sturm, Ruger & declared that its Board of Directors has authorized a stock buyback program on Monday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, insider Mark Lang sold 20,000 shares of Sturm, Ruger & stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the transaction, the insider now owns 3,612 shares in the company, valued at approximately $241,642.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position in Sturm, Ruger & by 77.8% in the second quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock worth $111,000 after buying an additional 784 shares during the period. Public Employees Retirement System of Ohio boosted its position in Sturm, Ruger & by 10.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after buying an additional 177 shares during the period. Dubuque Bank & Trust Co. purchased a new position in Sturm, Ruger & during the second quarter worth $128,000. Envestnet Asset Management Inc. boosted its position in Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after buying an additional 116 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Sturm, Ruger & by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock worth $155,000 after buying an additional 624 shares during the period. Institutional investors own 86.93% of the company’s stock.

Sturm, Ruger & Company Profile

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

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