Key Points
- Insider sale: Sturm, Ruger VP Michael Wilson sold 600 shares for $24,000 under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 32.82% to 1,228 shares.
- Quarterly performance: The company reported $0.52 in quarterly EPS and $158.06 million in revenue, beating estimates and marking 19.3% year-over-year revenue growth.
- Mixed outlook: RGR raised its quarterly dividend to $0.21 per share, but analyst sentiment remains a “Hold,” with ratings split among Buy, Hold, and Sell and an average price target of $46.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) VP Michael Wilson sold 600 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $40.00, for a total transaction of $24,000.00. Following the transaction, the vice president directly owned 1,228 shares of the company's stock, valued at approximately $49,120. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sturm, Ruger & Company, Inc. Stock Performance
RGR opened at $41.42 on Tuesday. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21. The company's 50 day simple moving average is $38.16 and its 200 day simple moving average is $39.22. The stock has a market capitalization of $661.89 million, a PE ratio of 55.23 and a beta of 0.19.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The firm had revenue of $158.06 million during the quarter, compared to analyst estimates of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.
Sturm, Ruger & Company, Inc. Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, August 14th. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s payout ratio is currently 112.00%.
Wall Street Analyst Weigh In
Several research firms recently commented on RGR. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Zacks Research lowered shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. 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 company has a consensus rating of "Hold" and an average price target of $46.00.
View Our Latest Analysis on RGR
Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.
Several hedge funds have recently modified their holdings of RGR. Group One Trading LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the first quarter valued at approximately $33,000. Public Employees Retirement System of Ohio purchased a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $39,000. Motiv8 Investments LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at $108,000. State of Wyoming purchased a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at $150,000. Finally, Empowered Funds LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the 1st quarter valued at $218,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.
About Sturm, Ruger & Company, Inc.
(
Get Free Report)
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.
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