Sturm, Ruger & Company, Inc. (NYSE:RGR) Increases Dividend to $0.11 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.11 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 37.5% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08.

Sturm, Ruger & Company, Inc. has decreased its dividend by an average of 0.4%annually over the last three years. Sturm, Ruger & Company, Inc. has a payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $37.46 on Tuesday. The firm has a market cap of $597.03 million, a PE ratio of -51.31 and a beta of 0.21. The firm’s 50 day moving average price is $40.43 and its 200-day moving average price is $37.31. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The firm had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Equities research analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $29,000. Parallel Advisors LLC increased its holdings in Sturm, Ruger & Company, Inc. by 176.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after purchasing an additional 720 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sturm, Ruger & Company, Inc. by 158.2% in the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after purchasing an additional 745 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Sturm, Ruger & Company, Inc. by 2,075.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock valued at $62,000 after purchasing an additional 1,370 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.