Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Gap Down on Disappointing Earnings

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $45.11, but opened at $41.26. Sturm, Ruger & Company, Inc. shares last traded at $42.08, with a volume of 44,702 shares.

The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a net margin of 7.71% and a return on equity of 12.30%. The firm had revenue of $130.76 million for the quarter, compared to the consensus estimate of $137.60 million. During the same period in the previous year, the company posted $0.91 earnings per share. Sturm, Ruger & Company, Inc.’s quarterly revenue was down 8.4% on a year-over-year basis.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.19 dividend. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.79%. Sturm, Ruger & Company, Inc.’s payout ratio is 27.71%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 1,750 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $43.00, for a total value of $75,250.00. Following the sale, the director now owns 17,554 shares in the company, valued at $754,822. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Sturm, Ruger & Company, Inc. news, VP Sarah F. Colbert sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the sale, the vice president now directly owns 32,080 shares in the company, valued at approximately $1,448,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amir Rosenthal sold 1,750 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $43.00, for a total value of $75,250.00. Following the transaction, the director now owns 17,554 shares in the company, valued at approximately $754,822. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Sturm, Ruger & Company, Inc.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 112.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,063 shares of the company’s stock valued at $594,000 after purchasing an additional 6,920 shares in the last quarter. International Assets Investment Management LLC raised its stake in Sturm, Ruger & Company, Inc. by 2,642.0% in the fourth quarter. International Assets Investment Management LLC now owns 20,702 shares of the company’s stock worth $941,000 after buying an additional 19,947 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sturm, Ruger & Company, Inc. by 4.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,234 shares of the company’s stock worth $511,000 after buying an additional 482 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Sturm, Ruger & Company, Inc. by 487.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 32,372 shares of the company’s stock valued at $1,471,000 after acquiring an additional 26,859 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $405,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

The firm has a market capitalization of $737.41 million, a PE ratio of 19.53 and a beta of 0.22. The stock has a fifty day moving average price of $42.90 and a 200-day moving average price of $44.08.

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.