Sturm, Ruger & Company, Inc. (RGR) to Issue Quarterly Dividend of $0.11 on May 29th

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced a quarterly dividend on Thursday, April 30th. Investors of record on Thursday, May 14th will be paid a dividend of 0.11 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a 37.5% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08.

Sturm, Ruger & Company, Inc. has decreased its dividend by an average of 0.4%per year over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock opened at $37.46 on Tuesday. The stock’s fifty day simple moving average is $40.43 and its 200 day simple moving average is $37.31. The firm has a market cap of $597.03 million, a price-to-earnings ratio of -51.31 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued 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 negative net margin of 2.18% and a positive return on equity of 5.96%. The business had revenue of $141.36 million during the quarter, compared to the consensus estimate of $137.26 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RGR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Lake Street Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday. Finally, Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of “Hold” and a consensus target price 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.