Sturm, Ruger & Company, Inc. (RGR) to Issue Quarterly Dividend of $0.21 on August 28th

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, August 14th will be given a dividend of 0.21 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 14th. This is a 90.9% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 0.4%annually over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sturm, Ruger & Company, Inc. to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 40.6%.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $37.45 on Wednesday. The business has a fifty day moving average price of $38.47 and a 200 day moving average price of $39.10. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The stock has a market capitalization of $598.50 million, a price-to-earnings ratio of 49.94 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The company had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. During the same quarter last year, the company earned $0.41 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, Director Bruce T. Pettet bought 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the acquisition, the director owned 7,606 shares in the company, valued at approximately $303,403.34. This represents a 15.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Todd William Seyfert bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $39.15 per share, for a total transaction of $58,725.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $58,725. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 4.60% of the company’s stock.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $29,000. Group One Trading LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at about $33,000. Parallel Advisors LLC boosted its position in shares of 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 period. Finally, EverSource Wealth Advisors LLC grew its stake in Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 1,132 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

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.