39,500 Shares in Sturm, Ruger & Company, Inc. $RGR Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,500 shares of the company’s stock, valued at approximately $1,290,000.

Several other large investors also recently modified their holdings of RGR. Flagship Harbor Advisors LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth about $29,000. GAMMA Investing LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 158.2% in the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after purchasing an additional 745 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after purchasing an additional 720 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 2,075.8% in the third quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock worth $62,000 after purchasing an additional 1,370 shares during the last quarter. 64.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Lake Street Capital restated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.00.

Insider Activity

In other Sturm, Ruger & Company, Inc. news, Director Bruce T. Pettet bought 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $39.89 per share, for a total transaction of $39,890.00. Following the completion of the acquisition, the director owned 7,606 shares of the company’s stock, valued at approximately $303,403.34. This trade represents a 15.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Phillip Widman bought 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the acquisition, the director directly owned 45,208 shares of the company’s stock, valued at approximately $1,717,904. The trade was a 12.44% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 7,500 shares of company stock worth $288,615. Insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $39.41 on Friday. The firm has a 50 day moving average price of $40.64 and a 200-day moving average price of $36.99. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21. The firm has a market capitalization of $628.26 million, a price-to-earnings ratio of -53.99 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The business had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, May 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is -60.27%.

Sturm, Ruger & Company, Inc. Company Profile

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.