Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sells $24,000.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $40.00, for a total transaction of $24,000.00. Following the sale, the vice president owned 1,228 shares in the company, valued at approximately $49,120. This trade represents a 32.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Stock Down 0.1%

Shares of Sturm, Ruger & Company, Inc. stock opened at $41.90 on Thursday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The firm has a market cap of $669.63 million, a PE ratio of 55.87 and a beta of 0.19. The business’s fifty day moving average is $38.31 and its two-hundred day moving average is $39.28.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 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 business had revenue of $158.06 million during the quarter, compared to the consensus estimate of $128.54 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 112.00%.

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

Several institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its stake in shares of Sturm, Ruger & Company, Inc. by 108.0% in the 2nd quarter. Engineers Gate Manager LP now owns 22,576 shares of the company’s stock valued at $855,000 after acquiring an additional 11,723 shares during the period. Squarepoint Ops LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $393,000. Wellington Management Group LLP raised its position in Sturm, Ruger & Company, Inc. by 15.0% in the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock valued at $20,753,000 after purchasing an additional 71,423 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Sturm, Ruger & Company, Inc. in the second quarter valued at about $39,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter worth about $1,368,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Zacks Research cut shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sturm, Ruger & Company, Inc. presently has an average rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes modern sporting rifles, bolt-action rifles, single-shot rifles, autoloading rifles, shotguns, pistols, and revolvers. The company markets its products primarily under the Ruger brand.

Founded in 1949 by William B. Ruger and Alexander McCormick Sturm, the company has developed a broad lineup serving hunters, sport shooters, firearm collectors, and personal-protection customers.