Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Sells 554 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Christopher John Killoy sold 554 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $47.00, for a total transaction of $26,038.00. Following the completion of the transaction, the chief executive officer now directly owns 49,145 shares of the company’s stock, valued at $2,309,815. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Christopher John Killoy also recently made the following trade(s):

• On Friday, April 5th, Christopher John Killoy sold 3,170 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $47.00, for a total transaction of $148,990.00.
• On Friday, March 8th, Christopher John Killoy sold 3,664 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $45.03, for a total transaction of $164,989.92.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR opened at $46.79 on Friday. Sturm, Ruger & Company, Inc. has a one year low of $42.00 and a one year high of $59.18. The company has a 50-day simple moving average of $44.70 and a 200-day simple moving average of $46.31. The firm has a market capitalization of $826.31 million, a PE ratio of 17.20 and a beta of 0.32.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). Sturm, Ruger & Company, Inc. had a net margin of 8.87% and a return on equity of 14.59%. The business had revenue of $130.60 million during the quarter, compared to analyst estimates of $133.75 million. During the same period last year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 14th. Sturm, Ruger & Company, Inc.’s payout ratio is presently 33.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in Sturm, Ruger & Company, Inc. by 7.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,819 shares of the company’s stock valued at $901,000 after purchasing an additional 1,405 shares during the period. HighTower Advisors LLC boosted its stake in Sturm, Ruger & Company, Inc. by 30.6% during the 3rd quarter. HighTower Advisors LLC now owns 12,285 shares of the company’s stock valued at $646,000 after purchasing an additional 2,879 shares during the period. Graham Capital Management L.P. acquired a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at about $310,000. Assenagon Asset Management S.A. boosted its stake in Sturm, Ruger & Company, Inc. by 102.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 97,129 shares of the company’s stock valued at $5,062,000 after purchasing an additional 49,181 shares during the period. Finally, UBS Group AG boosted its stake in Sturm, Ruger & Company, Inc. by 19.7% during the 3rd quarter. UBS Group AG now owns 147,602 shares of the company’s stock valued at $7,693,000 after purchasing an additional 24,251 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.