Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sells $90,280.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sarah F. Colbert sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total transaction of $90,280.00. Following the completion of the transaction, the vice president now owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.53 during trading on Thursday, hitting $44.23. 93,835 shares of the stock were exchanged, compared to its average volume of 156,713. The stock has a market cap of $769.60 million, a price-to-earnings ratio of 19.40 and a beta of 0.22. The firm’s 50-day moving average price is $42.61 and its 200 day moving average price is $44.07. Sturm, Ruger & Company, Inc. has a 12-month low of $40.67 and a 12-month high of $56.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.44). Sturm, Ruger & Company, Inc. had a net margin of 7.71% and a return on equity of 12.30%. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $153.40 million. During the same period last year, the firm earned $0.81 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was down 8.5% on a year-over-year basis. As a group, research analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 20th were given a $0.16 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 27.71%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 187.0% in the first quarter. CWM LLC now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 877 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock valued at $74,000 after buying an additional 355 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $182,000. EntryPoint Capital LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at about $228,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Sturm, Ruger & Company, Inc. by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company’s stock valued at $319,000 after buying an additional 762 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital raised shares of Sturm, Ruger & Company, Inc. to a “strong-buy” rating in a research report on Wednesday, May 8th.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.