Key Points
- Insider sale: VP Michael Wilson sold 600 RGR shares for approximately $25,170 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 48.86% to 628 shares.
- Strong quarterly results: Sturm, Ruger reported earnings of $0.52 per share versus the $0.42 consensus estimate, while revenue reached $158.06 million, up 19.3% year over year.
- Mixed outlook: The company raised its quarterly dividend to $0.21 per share, but analyst views remain divided, resulting in a consensus “Hold” rating and a $46 price target.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) VP Michael Wilson sold 600 shares of the company's stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $41.95, for a total transaction of $25,170.00. Following the sale, the vice president directly owned 628 shares of the company's stock, valued at approximately $26,344.60. This represents a 48.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sturm, Ruger & Company, Inc. Price Performance
Shares of Sturm, Ruger & Company, Inc. stock opened at $42.09 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 fifty day simple moving average is $38.55 and its 200-day simple moving average is $39.36. The stock has a market capitalization of $672.61 million, a PE ratio of 56.12 and a beta of 0.19.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.58% and a net margin of 2.11%.Sturm, Ruger & Company, Inc.'s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 14th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is 112.00%.
Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP increased its holdings in Sturm, Ruger & Company, Inc. by 108.0% in the 2nd quarter. Engineers Gate Manager LP now owns 22,576 shares of the company's stock valued at $855,000 after acquiring an additional 11,723 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $393,000. Wellington Management Group LLP grew its position in shares of Sturm, Ruger & Company, Inc. by 15.0% during the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company's stock valued at $20,753,000 after purchasing an additional 71,423 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $39,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $1,368,000. Institutional investors own 64.00% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Zacks Research downgraded Sturm, Ruger & Company, Inc. from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.00.
Check Out Our Latest Research Report on RGR
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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