Zacks Investment Research cut shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) from a hold rating to a strong sell rating in a research note published on Friday.
According to Zacks, “Sturm Ruger & Co. is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company’s firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers. “
Other analysts also recently issued research reports about the stock. Aegis reissued a buy rating and issued a $67.00 price objective on shares of Sturm, Ruger & in a research note on Monday, August 21st. BidaskClub lowered shares of Sturm, Ruger & from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Finally, TheStreet lowered shares of Sturm, Ruger & from a b- rating to a c rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Sturm, Ruger & currently has a consensus rating of Hold and a consensus target price of $58.00.
Shares of Sturm, Ruger & (NYSE:RGR) opened at $48.85 on Friday. The stock has a market cap of $851.38 and a PE ratio of 14.43. Sturm, Ruger & has a 12 month low of $44.80 and a 12 month high of $68.80.
Sturm, Ruger & (NYSE:RGR) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.07). The firm had revenue of $104.80 million during the quarter, compared to the consensus estimate of $126.20 million. Sturm, Ruger & had a return on equity of 26.62% and a net margin of 11.07%. The firm’s revenue for the quarter was down 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. equities analysts anticipate that Sturm, Ruger & will post 3.02 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, November 14th. Sturm, Ruger &’s dividend payout ratio (DPR) is presently 26.98%.
Several large investors have recently modified their holdings of RGR. UBS Asset Management Americas Inc. increased its position in shares of Sturm, Ruger & by 160.7% during the first quarter. UBS Asset Management Americas Inc. now owns 12,774 shares of the company’s stock worth $684,000 after acquiring an additional 7,875 shares during the period. OppenheimerFunds Inc. increased its position in shares of Sturm, Ruger & by 18.8% during the first quarter. OppenheimerFunds Inc. now owns 9,262 shares of the company’s stock worth $496,000 after acquiring an additional 1,463 shares during the period. Wellington Management Group LLP increased its holdings in Sturm, Ruger & by 15.0% during the first quarter. Wellington Management Group LLP now owns 36,474 shares of the company’s stock valued at $1,953,000 after buying an additional 4,753 shares during the period. Teachers Advisors LLC increased its holdings in Sturm, Ruger & by 1.6% during the first quarter. Teachers Advisors LLC now owns 31,321 shares of the company’s stock valued at $1,677,000 after buying an additional 483 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Sturm, Ruger & by 27.6% during the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock valued at $155,000 after buying an additional 624 shares during the period. 83.09% of the stock is currently owned by institutional investors and hedge funds.
Sturm, Ruger & Company Profile
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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