Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Todd William Seyfert Purchases 1,500 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Todd William Seyfert bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $39.15 per share, with a total value of $58,725.00. Following the acquisition, the chief executive officer directly owned 1,500 shares in the company, valued at $58,725. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Stock Up 0.2%

Shares of Sturm, Ruger & Company, Inc. stock opened at $39.41 on Friday. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The business has a 50-day moving average price of $40.64 and a 200-day moving average price of $36.99. The firm has a market cap of $628.42 million, a price-to-earnings ratio of -53.99 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The company had revenue of $141.36 million during the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. 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. Sturm, Ruger & Company, Inc.’s payout ratio is currently -60.27%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Sturm, Ruger & Company, Inc. by 239.4% in the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after purchasing an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after buying an additional 390 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Sturm, Ruger & Company, Inc. by 21.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock worth $2,988,000 after buying an additional 14,687 shares during the period. Invesco Ltd. lifted its position in shares of Sturm, Ruger & Company, Inc. by 3.7% during the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after buying an additional 5,747 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after buying an additional 1,132 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on RGR shares. Lake Street Capital restated a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note 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 research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.