Bruce Pettet Acquires 1,000 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Bruce Pettet bought 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the purchase, the director directly owned 7,606 shares of the company’s stock, valued at approximately $303,403.34. This represents a 15.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE RGR opened at $39.50 on Friday. The business’s 50-day moving average price is $40.52 and its two-hundred day moving average price is $37.18. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21. The company has a market capitalization of $629.55 million, a P/E ratio of -54.10 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The company had revenue of $141.36 million during the quarter, compared to analyst estimates of $137.26 million. During the same period in the prior year, the firm earned $0.46 EPS. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a $0.11 dividend. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth about $29,000. Group One Trading LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth about $33,000. GAMMA Investing LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 158.2% during the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after purchasing an additional 745 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Analyst Upgrades and Downgrades

RGR has been the subject of a number of analyst reports. Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Finally, Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. Company Profile

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.