Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock: Insider Michael Wilson Sells 628 Shares

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 628 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $45.47, for a total value of $28,555.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR opened at $45.59 on Friday. The stock has a market cap of $728.51 million, a P/E ratio of 40.34 and a beta of 0.15. The firm has a fifty day moving average price of $41.67 and a 200 day moving average price of $39.64. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $50.84.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results 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 net margin of 2.11% and a return on equity of 6.58%. The business had revenue of $158.06 million during the quarter, compared to analysts’ expectations of $128.54 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. Sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RGR. BlackRock Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $49,541,000. Wellington Management Group LLP increased its holdings in Sturm, Ruger & Company, Inc. by 15.0% during the 2nd quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock valued at $20,753,000 after acquiring an additional 71,423 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sturm, Ruger & Company, Inc. by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock worth $15,933,000 after acquiring an additional 27,107 shares during the last quarter. JRM Investment Counsel LLC acquired a new position in Sturm, Ruger & Company, Inc. during the first quarter worth about $15,916,000. Finally, Royal Bank of Canada raised its position in Sturm, Ruger & Company, Inc. by 4.5% during the first quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock worth $9,301,000 after acquiring an additional 9,999 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RGR shares. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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 pistols, revolvers, rifles, and related accessories marketed under the Ruger brand. The company serves customers through independent distributors, retailers, and other firearms dealers.

Founded in 1949 by William B. Ruger and Alexander M. Sturm, the company is one of the largest firearms manufacturers in the United States. Its products are manufactured in the U.S.