Key Points
- Director Amir Rosenthal sold 500 shares on Nov. 14 at an average price of $30.96 for proceeds of $15,480, trimming his stake to 20,049 shares (a 2.43% ownership reduction, valued at about $620,717).
- The company reported a quarterly earnings miss—$0.10 EPS vs. $0.36 expected—while revenue was $126.77 million (up 3.7% year-over-year) and net margin remained thin at 1.07%.
- Sturm, Ruger cut its quarterly dividend to $0.04 (annualized $0.16, 0.5% yield) with a payout ratio of 123.08%, and the stock carries a MarketBeat/Weiss consensus leaning toward a Sell rating.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Amir Rosenthal sold 500 shares of the business's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $30.96, for a total value of $15,480.00. Following the transaction, the director directly owned 20,049 shares of the company's stock, valued at $620,717.04. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sturm, Ruger & Company, Inc. Price Performance
RGR stock opened at $30.35 on Tuesday. The business's 50-day moving average is $41.27 and its two-hundred day moving average is $37.50. The firm has a market capitalization of $483.90 million, a P/E ratio of 97.90 and a beta of 0.13. Sturm, Ruger & Company, Inc. has a 1 year low of $30.09 and a 1 year high of $48.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.26). The firm had revenue of $126.77 million for the quarter, compared to analysts' expectations of $124.22 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.
Sturm, Ruger & Company, Inc. Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 123.08%.
Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGR. Parvin Asset Management LLC raised its holdings in Sturm, Ruger & Company, Inc. by 37.6% during the third quarter. Parvin Asset Management LLC now owns 21,040 shares of the company's stock worth $915,000 after purchasing an additional 5,750 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $692,000. Mercer Global Advisors Inc. ADV acquired a new stake in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $265,000. Bank of America Corp DE raised its stake in Sturm, Ruger & Company, Inc. by 71.2% during the 3rd quarter. Bank of America Corp DE now owns 87,076 shares of the company's stock worth $3,785,000 after acquiring an additional 36,204 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Sturm, Ruger & Company, Inc. by 118.7% in the third quarter. Two Sigma Investments LP now owns 198,936 shares of the company's stock valued at $8,648,000 after acquiring an additional 107,977 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a report on Thursday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".
View Our Latest Stock Report on Sturm, Ruger & Company, Inc.
About Sturm, Ruger & Company, Inc.
(
Get Free Report)
Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.
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