Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Down 16.2% Following Weak Earnings

Sturm, Ruger & Company, Inc. (NYSE:RGR) traded down 16.2% during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $36.75 and last traded at $36.7470. 152,932 shares were traded during trading, a decline of 17% from the average session volume of 183,159 shares. The stock had previously closed at $43.86.

The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The business had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue was up 3.7% on a year-over-year basis.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, November 17th. This represents a $0.16 annualized dividend and a yield of 0.4%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 206.45%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, Director Christopher John Killoy sold 8,776 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $40.00, for a total transaction of $351,040.00. Following the completion of the transaction, the director directly owned 28,249 shares in the company, valued at $1,129,960. This trade represents a 23.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.60% of the company’s stock.

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

A number of institutional investors have recently made changes to their positions in RGR. GAMMA Investing LLC raised its position in Sturm, Ruger & Company, Inc. by 748.1% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $26,000 after buying an additional 576 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Sturm, Ruger & Company, Inc. by 12.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,557 shares of the company’s stock valued at $1,004,000 after acquiring an additional 2,885 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 2.6% during the first quarter. Principal Financial Group Inc. now owns 83,660 shares of the company’s stock valued at $3,287,000 after purchasing an additional 2,123 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 3.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,125 shares of the company’s stock worth $437,000 after purchasing an additional 337 shares during the period. Finally, CWM LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 287.7% during the 1st quarter. CWM LLC now owns 4,513 shares of the company’s stock valued at $177,000 after acquiring an additional 3,349 shares during the period. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

The company’s fifty day simple moving average is $41.69 and its two-hundred day simple moving average is $37.92. The stock has a market cap of $599.32 million, a price-to-earnings ratio of 118.00 and a beta of 0.13.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.