Key Points
- Director Phillip Widman bought 5,000 shares of Sturm, Ruger & Company at $38.00 each, a $190,000 transaction that lifted his holdings by 12.44% to 45,208 shares.
- The company recently reported mixed quarterly results: EPS of $0.27 missed estimates, while revenue of $141.36 million came in above expectations and rose 4.1% year over year.
- Sturm, Ruger also raised its quarterly dividend to $0.11 per share from $0.08, and analysts currently have an average Hold rating with a $46 price target.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Phillip Widman purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $38.00 per share, for a total transaction of $190,000.00. Following the completion of the acquisition, the director directly owned 45,208 shares of the company's stock, valued at $1,717,904. This represents a 12.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of NYSE:RGR opened at $39.12 on Thursday. The stock has a market capitalization of $623.60 million, a price-to-earnings ratio of -53.59 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The company's fifty day moving average is $40.47 and its two-hundred day moving average is $37.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its 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). The business had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently -43.84%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Lake Street Capital restated a "buy" rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.00.
Read Our Latest Stock Analysis on RGR
Institutional Trading of Sturm, Ruger & Company, Inc.
A number of hedge funds have recently made changes to their positions in RGR. Kestra Advisory Services LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $29,000. Group One Trading LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the first quarter worth approximately $33,000. GAMMA Investing LLC lifted its position 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 in the last quarter. Finally, Parallel Advisors LLC lifted its position 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 in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.
About Sturm, Ruger & Company, Inc.
(
Get Free Report)
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.
Further Reading
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