Key Points
- Director Bruce Pettet bought 1,000 shares of Sturm, Ruger & Company at an average price of $39.89 per share, a transaction worth $39,890. After the purchase, he owned 7,606 shares, boosting his stake by 15.14%.
- Sturm, Ruger reported Q1 earnings of $0.27 per share, missing analyst estimates of $0.34, though revenue came in at $141.36 million, slightly above expectations and up 4.1% year over year.
- The company also raised its quarterly dividend to $0.11 per share from $0.08, implying an annualized payout of $0.44 and a yield of about 1.1%.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Bruce Pettet acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $39.89 per share, for a total transaction of $39,890.00. Following the completion of the purchase, the director directly owned 7,606 shares in the company, valued at $303,403.34. This represents a 15.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of RGR stock opened at $39.50 on Friday. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The stock's 50 day simple moving average is $40.52 and its 200 day simple moving average is $37.18. The company has a market capitalization of $629.71 million, a price-to-earnings ratio of -54.10 and a beta of 0.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The firm had revenue of $141.36 million for the quarter, compared to the consensus estimate of $137.26 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm's revenue was up 4.1% on a year-over-year basis. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is an increase 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 payout ratio is presently -60.27%.
Wall Street Analysts Forecast Growth
RGR has been the topic of a number of research reports. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Lake Street Capital reaffirmed 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, Weiss Ratings reiterated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of "Hold" and a consensus price target of $46.00.
View Our Latest Report on Sturm, Ruger & Company, Inc.
Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.
Several institutional investors and hedge funds have recently bought and sold shares of RGR. Kestra Advisory Services LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $29,000. Group One Trading LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter valued at $33,000. GAMMA Investing LLC increased its holdings in Sturm, Ruger & Company, Inc. by 158.2% in the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company's stock valued at $40,000 after buying an additional 745 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Sturm, Ruger & Company, Inc. by 176.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company's stock valued at $49,000 after buying an additional 720 shares during the period. Institutional investors own 64.00% of the company's stock.
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.
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