Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson Sells 600 Shares of Company Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 600 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $41.95, for a total value of $25,170.00. Following the completion of the sale, the vice president directly owned 628 shares in the company, valued at approximately $26,344.60. The trade was a 48.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Trading Down 0.9%

Shares of NYSE:RGR traded down $0.37 on Monday, hitting $42.44. The company had a trading volume of 69,172 shares, compared to its average volume of 158,039. The company has a market cap of $678.14 million, a PE ratio of 56.58 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21. The business has a 50 day moving average of $38.47 and a 200 day moving average of $39.34.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $158.06 million for the quarter, compared to the consensus estimate of $128.54 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.84 annualized dividend and a yield of 2.0%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 112.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $49,541,000. Wellington Management Group LLP boosted its position in shares of Sturm, Ruger & Company, Inc. by 15.0% in the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock worth $20,753,000 after buying an additional 71,423 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Sturm, Ruger & Company, Inc. by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock valued at $15,933,000 after buying an additional 27,107 shares in the last quarter. JRM Investment Counsel LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter worth about $15,916,000. Finally, Royal Bank of Canada boosted its position in Sturm, Ruger & Company, Inc. by 4.5% during the 1st quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock worth $9,301,000 after acquiring an additional 9,999 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RGR. Zacks Research downgraded shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes modern sporting rifles, bolt-action rifles, single-shot rifles, autoloading rifles, shotguns, pistols, and revolvers. The company markets its products primarily under the Ruger brand.

Founded in 1949 by William B. Ruger and Alexander McCormick Sturm, the company has developed a broad lineup serving hunters, sport shooters, firearm collectors, and personal-protection customers.