Key Points
- CEO Todd William Seyfert bought 1,500 shares of Sturm, Ruger & Company at an average price of $39.15, a transaction worth $58,725. The purchase was disclosed in an SEC filing and left him owning 1,500 shares.
- The stock was up 0.2% and opened at $39.41, with a 50-day moving average of $40.64 and a 200-day moving average of $36.99. RGR has traded between $28.33 and $48.21 over the past 12 months.
- Sturm, Ruger recently raised its quarterly dividend to $0.11 per share from $0.08, equal to an annualized dividend of $0.44 and a 1.1% yield. The company also reported mixed quarterly results, missing EPS estimates but beating revenue expectations.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) CEO Todd William Seyfert acquired 1,500 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the purchase, the chief executive officer owned 1,500 shares in the company, valued at $58,725. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sturm, Ruger & Company, Inc. Trading Up 0.2%
RGR stock opened at $39.41 on Friday. The firm has a 50-day moving average of $40.64 and a two-hundred day moving average of $36.99. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The company has a market cap of $628.42 million, a price-to-earnings ratio of -53.99 and a beta of 0.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $137.26 million. During the same period in the previous year, the firm posted $0.46 EPS. The company's revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be paid 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 a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, May 14th. Sturm, Ruger & Company, Inc.'s payout ratio is currently -60.27%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Lake Street Capital reaffirmed a "buy" rating and set a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. 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. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus 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.
Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its position in Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company's stock worth $3,962,000 after buying an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company's stock valued at $384,000 after acquiring an additional 390 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Sturm, Ruger & Company, Inc. by 21.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company's stock valued at $2,988,000 after acquiring an additional 14,687 shares during the period. Invesco Ltd. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 3.7% during the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company's stock worth $5,766,000 after acquiring an additional 5,747 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company's stock worth $56,000 after acquiring an additional 1,132 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.
Sturm, Ruger & Company, Inc. Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
