Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Purchases $190,000.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Phillip Widman bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $38.00 per share, with a total value of $190,000.00. Following the transaction, the director owned 45,208 shares in the company, valued at approximately $1,717,904. This represents a 12.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sturm, Ruger & Company, Inc. Trading Down 0.9%

Shares of RGR opened at $39.50 on Friday. The firm has a market cap of $629.71 million, a price-to-earnings ratio of -54.10 and a beta of 0.21. The stock has a 50 day moving average of $40.52 and a 200-day moving average of $37.18. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its 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 during the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.Sturm, Ruger & Company, Inc.’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a $0.11 dividend. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is -60.27%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Lake Street Capital reissued a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several hedge funds have recently added to or reduced their stakes in RGR. Kestra Advisory Services LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at $29,000. Group One Trading LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 1st quarter valued at $33,000. GAMMA Investing LLC raised its stake in Sturm, Ruger & Company, Inc. by 158.2% during the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares in the last quarter. Institutional investors 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.