Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 12-Month High – Should You Buy?

Sturm, Ruger & Company, Inc. (NYSE:RGR) hit a new 52-week high during trading on Monday . The stock traded as high as $45.28 and last traded at $44.39, with a volume of 207235 shares trading hands. The stock had previously closed at $43.37.

Analyst Ratings Changes

Separately, Wall Street Zen cut Sturm, Ruger & Company, Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th.

Sturm, Ruger & Company, Inc. Stock Down 0.8%

The firm has a 50 day simple moving average of $35.82 and a 200-day simple moving average of $36.80. The stock has a market cap of $694.96 million, a P/E ratio of 138.81 and a beta of 0.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.5%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 206.45%.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In related news, Director Christopher John Killoy sold 8,776 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $40.00, for a total transaction of $351,040.00. Following the sale, the director owned 28,249 shares of the company’s stock, valued at $1,129,960. This represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Several hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 5.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 56,394 shares of the company’s stock valued at $2,025,000 after acquiring an additional 3,130 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Sturm, Ruger & Company, Inc. by 291.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,031 shares of the company’s stock worth $109,000 after acquiring an additional 2,257 shares in the last quarter. Vident Advisory LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 5.0% in the 2nd quarter. Vident Advisory LLC now owns 15,699 shares of the company’s stock worth $564,000 after acquiring an additional 754 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 1.5% in the 2nd quarter. Lazard Asset Management LLC now owns 60,012 shares of the company’s stock worth $2,154,000 after acquiring an additional 862 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its position in shares of Sturm, Ruger & Company, Inc. by 8.4% in the 2nd quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company’s stock worth $288,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.