Sturm, Ruger & Company, Inc. (NYSE:RGR) Short Interest Update

Sturm, Ruger & Company, Inc. (NYSE:RGR) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 609,902 shares, a decline of 14.8% from the March 31st total of 716,209 shares. Based on an average daily trading volume, of 152,062 shares, the short-interest ratio is currently 4.0 days. Currently, 4.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $29,000. Parallel Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after buying an additional 720 shares during the period. GAMMA Investing LLC raised its stake in Sturm, Ruger & Company, Inc. by 158.2% during the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after buying an additional 745 shares during the period. Finally, Cornerstone Planning Group LLC raised 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 and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RGR. Zacks Research cut Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Lake Street Capital boosted their price target on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $43.00.

Sturm, Ruger & Company, Inc. Trading Down 0.3%

RGR traded down $0.15 on Friday, reaching $43.24. The stock had a trading volume of 94,915 shares, compared to its average volume of 113,263. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The firm has a 50-day moving average of $40.20 and a 200-day moving average of $37.63. The company has a market capitalization of $689.60 million, a price-to-earnings ratio of -154.41 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.The firm had revenue of $151.06 million during the quarter, compared to analyst estimates of $139.24 million. During the same period in the previous year, the company earned $0.62 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.08 dividend. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently -114.29%.

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.