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

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 628 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock opened at $46.35 on Thursday. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $50.84. The business has a fifty day moving average of $41.52 and a two-hundred day moving average of $39.60. The company has a market cap of $740.61 million, a P/E ratio of 61.80 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate 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 company had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $49,541,000. JRM Investment Counsel LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth $15,916,000. Bank of New York Mellon Corp acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $4,773,000. Wellington Management Group LLP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 15.0% during the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock worth $20,753,000 after purchasing an additional 71,423 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 103.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 87,829 shares of the company’s stock worth $3,521,000 after purchasing an additional 44,603 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on RGR. Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a 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 research report on Saturday, August 1st. Finally, Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

About Sturm, Ruger & Company, Inc.

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.