Aster Capital Management DIFC Ltd Invests $501,000 in Sturm, Ruger & Company, Inc. $RGR

Aster Capital Management DIFC Ltd acquired a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 4th quarter, Holdings Channel reports. The fund acquired 15,330 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds also recently modified their holdings of RGR. Kestra Advisory Services LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 158.2% during the fourth 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. Parallel Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 176.5% during the third 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. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 259.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 1,132 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sturm, Ruger & Company, Inc. news, CEO Todd William Seyfert acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $58,725. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce T. Pettet acquired 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $39.89 per share, with a total value of $39,890.00. Following the completion of the transaction, the director owned 7,606 shares of the company’s stock, valued at approximately $303,403.34. The trade was a 15.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 7,500 shares of company stock valued at $288,615. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Sturm, Ruger & Company, Inc. Trading Down 2.7%

NYSE RGR opened at $38.42 on Tuesday. The company has a market cap of $612.41 million, a PE ratio of -52.63 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The stock has a 50 day moving average of $40.37 and a 200-day moving average of $37.72.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $141.36 million during the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s payout ratio is currently -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.