Sturm, Ruger & Company, Inc. (NYSE:RGR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.45 and traded as high as $39.23. Sturm, Ruger & Company, Inc. shares last traded at $38.86, with a volume of 125,081 shares trading hands.

Wall Street Analysts Forecast Growth

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

Sturm, Ruger & Company, Inc. Stock Performance

The business has a 50 day moving average of $40.50 and a two-hundred day moving average of $37.45. The firm has a market capitalization of $619.43 million, a price-to-earnings ratio of -53.23 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The firm had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.11 per share. The ex-dividend date was 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 yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently -60.27%.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Bruce T. Pettet bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the acquisition, the director directly owned 7,606 shares of the company’s stock, valued at approximately $303,403.34. The trade was a 15.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd William Seyfert bought 1,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $39.15 per share, for a total transaction of $58,725.00. Following the acquisition, the chief executive officer directly owned 1,500 shares in the company, valued at $58,725. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 7,500 shares of company stock worth $288,615 in the last quarter. Insiders own 4.60% of the company’s stock.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $25,000. Group One Trading LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the first quarter worth approximately $33,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $29,000. Parallel Advisors LLC raised 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. Finally, GAMMA Investing LLC raised 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. 64.00% of the stock is owned by hedge funds and other institutional investors.

About Sturm, Ruger & Company, Inc.

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.