Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Phillip Widman Acquires 5,000 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Phillip Widman acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the purchase, the director owned 45,208 shares of the company’s stock, valued at $1,717,904. This trade represents a 12.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sturm, Ruger & Company, Inc. Stock Up 2.5%

RGR opened at $39.12 on Thursday. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21. The company has a 50 day moving average of $40.47 and a two-hundred day moving average of $37.21. The company has a market cap of $623.60 million, a P/E ratio of -53.59 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The business had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently -43.84%.

Wall Street Analyst Weigh In

RGR has been the topic of a number of recent research reports. Lake Street Capital reissued a “buy” rating and set a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sturm, Ruger & Company, Inc. presently has an average rating of “Hold” and a consensus price target of $46.00.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at $25,000. Group One Trading LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the first quarter valued at $33,000. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at $29,000. Parallel Advisors LLC raised its holdings in Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Sturm, Ruger & Company, Inc. by 158.2% in the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

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.