Sturm Ruger & Company Inc (NYSE:RGR) Sets New 52-Week High at $74.90

Sturm Ruger & Company Inc (NYSE:RGR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $74.90 and last traded at $74.82, with a volume of 6836 shares traded. The stock had previously closed at $73.24.

Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of Sturm Ruger & Company Inc from a “c” rating to a “b-” rating in a research note on Thursday, April 23rd. Lake Street Capital upped their target price on shares of Sturm Ruger & Company Inc from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd.

The firm has a market capitalization of $1.27 billion, a PE ratio of 38.37 and a beta of 0.33. The firm’s 50 day moving average price is $65.77 and its two-hundred day moving average price is $53.77. The company has a quick ratio of 3.94, a current ratio of 4.23 and a debt-to-equity ratio of 0.01.

Sturm Ruger & Company Inc (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. The business had revenue of $123.60 million during the quarter, compared to the consensus estimate of $116.05 million. Sturm Ruger & Company Inc had a net margin of 8.24% and a return on equity of 12.17%. Sturm Ruger & Company Inc’s revenue for the quarter was up 8.4% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.18. This represents a $1.40 annualized dividend and a yield of 1.85%.

In related news, CFO Thomas Anthony Dineen sold 8,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $54.84, for a total value of $438,720.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael O. Fifer sold 782 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $43,010.00. Following the completion of the sale, the director now directly owns 47,045 shares in the company, valued at $2,587,475. The disclosure for this sale can be found here. Insiders sold 61,169 shares of company stock worth $3,560,991 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of RGR. PNC Financial Services Group Inc. raised its holdings in shares of Sturm Ruger & Company Inc by 39.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 883 shares of the company’s stock worth $43,000 after purchasing an additional 252 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Sturm Ruger & Company Inc by 112.9% during the fourth quarter. Quadrant Capital Group LLC now owns 939 shares of the company’s stock worth $43,000 after purchasing an additional 498 shares during the period. CWM LLC raised its holdings in shares of Sturm Ruger & Company Inc by 308.3% during the first quarter. CWM LLC now owns 837 shares of the company’s stock worth $43,000 after purchasing an additional 632 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Sturm Ruger & Company Inc during the first quarter worth $53,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sturm Ruger & Company Inc by 49.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,472 shares of the company’s stock worth $75,000 after purchasing an additional 485 shares during the period. 68.39% of the stock is currently owned by institutional investors.

About Sturm Ruger & Company Inc (NYSE:RGR)

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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