Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Bruce Pettet Acquires 1,000 Shares

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Bruce Pettet purchased 1,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $39.89 per share, with a total value of $39,890.00. Following the transaction, the director owned 7,606 shares in the company, valued at $303,403.34. This represents a 15.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $39.50 on Friday. The company has a market cap of $629.71 million, a PE ratio of -54.10 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21. The firm has a 50 day simple moving average of $40.52 and a 200 day simple moving average of $37.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its 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 business had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced 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 is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently -60.27%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC grew its position in Sturm, Ruger & Company, Inc. by 29.2% in the first quarter. Gabelli Funds LLC now owns 43,331 shares of the company’s stock worth $1,737,000 after acquiring an additional 9,800 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Sturm, Ruger & Company, Inc. by 24.6% in the first quarter. Gamco Investors INC. ET AL now owns 49,200 shares of the company’s stock worth $1,972,000 after acquiring an additional 9,700 shares in the last quarter. JRM Investment Counsel LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at approximately $15,916,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Sturm, Ruger & Company, Inc. by 103.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 87,829 shares of the company’s stock valued at $3,521,000 after acquiring an additional 44,603 shares in the last quarter. Finally, Group One Trading LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at approximately $33,000. 64.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

RGR has been the topic of several research reports. Lake Street Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. Company Profile

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.